Bitcoin Crash Warning: Peter Schiff Says BTC Could Fall to $75,000 Soon

• Peter Schiff predicts Bitcoin could crash to $75K soon.
• Bitcoin’s dip signals potential decline, Schiff warns of $75,000 drop.
• Schiff’s $75K Bitcoin forecast sparks fear of a massive crash.

Peter Schiff, a well-known Bitcoin critic, has raised alarms over the cryptocurrency’s future, warning that it could soon fall to $75,000. His remarks were made after Bitcoin briefly fell below the mark of 109,000, a 13 percent drop from its recent highs.

Schiff believes that Bitcoin no longer has upward momentum and is, therefore, susceptible to further declines and increased volatility over the next few weeks.

Schiff’s bearish predictions underline his fears of Bitcoin’s long-term performance despite the hype about aggressive institutional buying. To give an example, a business intelligence company, Strategy, recently purchased more than 3,000 BTC, expanding its total collection to 632,450 BTC.

Nevertheless, Schiff reckons that such institutional purchases have not been sufficient to keep the price of Bitcoin afloat, and it is still vulnerable to further drops.

Schiff believes the recent price decline is an indication that a much bigger decline is on the way, with $75,000 being the next support level. He added that Bitcoin investors ought to think of selling now and repurchasing at lower prices when the asset reaches its bottom.

Schiff also observed that the drop may cause massive losses for companies such as Strategy, which has hoarded Bitcoin at higher prices.

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Bitcoin Faces Increased Volatility as $75,000 Price Target Looms

While Bitcoin’s trading volume remains high showing an 11.65% increase, its price has continued to slide. The asset was last seen trading at $110,313.15, reflecting a 1.04% decline over the past 24 hours.

Despite the heightened market trading activity, Schiff is not convinced that institutional purchases would stabilize Bitcoin’s price. Rather, he forecasts an impending crash that will push the cryptocurrency to $75,000, a price last seen in April 2025.

Schiff’s warning is a reminder of how volatile the cryptocurrency markets are, with sudden price fluctuations looming as a threat to investors.

As Bitcoin has been declining recently, there is always a risk that it may fall further, and this is a threat to many, including people who have significant holdings of the asset.

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