Will Bitcoin Test Lower Support as Peter Schiff Raises Fresh Concerns?

Bitcoin’s recent pullback has reignited debate among market watchers, with economist Peter Schiff once again weighing in on the cryptocurrency’s trajectory. The asset has retreated below $109,000 from its peak two weeks prior, marking a 13% decline that’s capturing the attention of both bulls and bears.

Schiff’s latest commentary centers on what he sees as a potential weakness in sustained market enthusiasm and institutional acquisition momentum. Rather than viewing current prices as a floor, he suggests Bitcoin could revisit $75,000 levels—a figure notably close to MicroStrategy’s publicly disclosed average cost basis for its substantial holdings. For active participants, this raises the question of whether the window to take profits at elevated levels has already narrowed.

The Analyst’s Track Record and Evolving Predictions

What makes Schiff’s current outlook worth noting is his historical relationship with Bitcoin’s price action. He has openly acknowledged his previous miscall—specifically his assertion that Bitcoin would never break through the $100,000 threshold. That prediction proved wrong when BTC did indeed cross that milestone. Yet rather than dismissing the pattern entirely, Schiff now envisions a return to six-figure levels as part of a larger corrective cycle.

With Bitcoin currently trading at $87.46K according to recent market data, the gap between current prices and Schiff’s $75,000 target represents another 13-14% downside from here. Whether the market has the conviction to test those levels remains the central question facing traders and long-term holders alike.

The Strategic Implications

Schiff’s recommendation to liquidate positions at strength and redeploy capital at deeper discounts reflects a tactical approach gaining traction among seasoned investors. The core thesis hinges on the assumption that enthusiasm-driven rallies will eventually give way to profit-taking and potential capitulation selling.