Bitcoin Crash: BTC has once again slumped below $58,000, sparking fears of a deeper correction in the crypto market. This comes after the flagship crypto crossed the $60,300 mark in the last 24 hours, giving investors hope for a recovery. However, with market volatility increasing, concerns are mounting over the potential impact of a US Federal Reserve rate cut in this week’s FOMC meeting.
Amid this, BTC critic Peter Schiff warns over a potential correction for the crypto to $20,000, or even lower.
Peter Schiff Predicts Bitcoin Crash To $20K
BTC critic Peter Schiff has issued another warning about the future of the world’s largest crypto by market cap amid the ongoing market uncertainty. In a recent X post, Schiff suggested a potential Bitcoin crash and said that the crypto is on the verge of a major downturn. He compared the current price movement to a “triple top” formation, which often signals a bearish reversal.
Meanwhile, Schiff said that the crypto’s upward trend line s
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