Key Takeaways:
Most bitcoin supporters indicated that even a total collapse to $0 would not validate Peter Schiff’s bearish thesis.Respondents also highlighted intermediate thresholds between $20,000 and $1,000, showing persistent optimism despite potential losses.Schiff warned technical weakness could push BTC toward $25,000 to $27,000, intensifying scrutiny of Strategy Inc.’s holdings.Following the conclusion of the poll, Schiff commented:
Technical Weakness Signals Potential Retest of Long-Term Bitcoin UptrendSchiff wrote:
“There’s a huge head-and-shoulders top forming. The most likely resolution is a retest of the longer-term uptrend off the Dec. 2018 low. If it holds, that puts a bottom between $25,000 and $27,000.”
