CandleFocus Top Economist Warns Bitcoin Could Collapse by 74% to $15K
2024-09-16
Author: Content Editor
The crypto market is experiencing bearish volatility, with Bitcoin dropping to $57,694 after attempting to break through the $61K range. Renowned economist Peter Schiff, a Bitcoin skeptic, warns of a substantial decline in Bitcoin's price based on a triple-top formation. Schiff believes Bitcoin could fall to the $42K level, but doubts it will hold and suggests a deeper correction to the $15K-$20K range, wiping out recent gains. Other analysts also support a bearish trend.
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