Leading cryptocurrency Bitcoin (BTC) continuing LUNA hit hard by the crisis. BTC price your $30,000 below and even for $26,000 As he threw so many needles, the panic increased like never before.
BTC Surprises Schiff
Predicting at least where LUNA events will lead has helped BTC recover. The leading cryptocurrency, which has risen to over $ 30,000 in a short time, is currently trading at $ 29,000.
It was surprising for many investors that BTC stopped in this range despite all the events and the turmoil of the US stock markets. Peter Schiff He also stated that he was very surprised by this situation.
Famous gold investor and BTC critic Peter Schiff made a confession. Stressing that he is surprised that BTC is holding up so well, Schiff still holds it. BTC He stated that those who hold it should not boast too much.
It seems like Schiff was taken aback by the fact that BTC held in place while gold slumped heavily. Stressing that the market will never give investors that much opportunity to buy from the bottom, Schiff said that this is most likely a “bull trap”. This is known as a trap for investors who think that there will be an increase and buy.
I must admit that I’m surprised that #Bitcoin has held up this well. But don’t get cocky #HODLers. The market never gives investors this much time to buy the bottom. It’s more likely this is a bull trap to lure in as many more buyers as possible before the next major leg down.
— Peter Schiff (@PeterSchiff) May 18, 2022
With this statement, Schiff revealed that the price will fall sharply once again. The famous BTC critic, who later used the phrase “before the next big drop”, warned investors. BTC continues to hold on to support.