Peter Schiff's Latest Call: Bitcoin Could Be Headed for a Major Pullback

The veteran economist Peter Schiff is back with another bold prediction, and this time he’s flagging serious warning signs in the Bitcoin market. With BTC trading around $87.46K after a recent pullback of 13% from its peak near $109,000, Schiff suggests the upside momentum may be losing steam.

Current Market Conditions Worth Monitoring

Recent price action has raised some eyebrows. Bitcoin’s descent from its recent highs indicates that market enthusiasm—particularly corporate buying interest—deserves close scrutiny. The question everyone’s asking: Is this a healthy correction or the beginning of a larger downtrend? Schiff believes the latter is possible, citing cooling institutional demand as a potential red flag.

The $75,000 Price Target Explained

According to Schiff’s analysis, Bitcoin could realistically retreat to $75,000, a level that holds particular significance. Interestingly, this price point aligns closely with MicroStrategy’s average purchase price for its Bitcoin holdings, making it a psychologically important level for many market participants. If this prediction materializes, it would represent a major reset from current levels.

What’s Next for Holders?

Schiff’s recommendation is straightforward: holders should consider taking profits now and repositioning for a potential re-entry at lower prices. This strategy assumes that a pullback to the $75,000 zone is indeed coming—and that timing the market accurately is possible.

A Humble Correction on Past Calls

In a moment of candor, Schiff acknowledged that his earlier prediction of Bitcoin never reaching $100,000 proved incorrect. The asset did break that psychological barrier, demonstrating that surprise moves can still happen in this market. However, he believes Bitcoin could still revisit that level—or go lower—before the next bull phase takes hold.

The crypto market continues to defy easy predictions, but Schiff’s cautionary stance reflects growing uncertainty among seasoned observers about Bitcoin’s near-term trajectory.