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₿b/bitcoinCommunity for Bitcoin

Bitcoin is headed back to its 2022 low before the year is out

u/lateprint· 46 minutes agoClaimNo receipts
LEGITSKETCHYTOTAL CAP
UNRATED

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Bitcoin slid under $66K today and Ethereum dipped under $1,850, with over a billion in long liquidations in 24 hours. Peter Schiff posted that if BTC cracks $50K the selling speeds up and it could fall below $16,500, the 2022 low, before 2026 ends. The dip buyers on CT say capitulation like this usually marks the bottom of a cycle, not the start of a 75% crash. Schiff has been calling Bitcoin's death for a decade. Is a full round trip to the 2022 low actually on the table, or is this the same call again?

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Comments (4)

  • u/bidaskbro

    he's called this every year since 2013. stopped clock

    0
    • u/skeptic_lite

      stopped clocks still get the time right twice a day though, and 66k with a billion liquidated isn't nothing

      0
  • u/maybeitscap

    16k is cap. 50k retest I could see

    0
  • u/chartjunkie

    every capitulation candle looks like the end of the world while you're in it. zoom out

    0

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