bitcoinGold defender known for his hostility to Peter Schifffrom the Twitter account BTC continues to share.
Although the famous name is hostile to Bitcoin, he never drops BTC from his tongue.
Sharing a chart of Bitcoin falling below the support level around $16,845 gold bull Peter Schiff advised investors to sell their BTC.
The smartest move on this chart today bitcoin Stating that it is to sell, Schiff said that this advice To Bitcoin HODLers He said it was a Christmas present.
Stating that the level that was once support is now resistance, Schiff claimed that the upside potential is low and the downside potential is high in Bitcoin.
“My Christmas gift to HODLers is this Bitcoin chart.
As you can see, Bitcoin is much closer to its ceiling than its base. The yellow line that was once support for BTC is now resistance.
Selling is the smartest move today, as the upside potential is very low and the downside risk very high.”
While some of the users who commented on the Twitter post thanked Schiff for his advice, many criticized the famous name for telling investors to sell the bottom and causing panic selling.
A user criticizing Schiff “A piece of advice to you: Write these down when Bitcoin is at its peak (for example, next time it’s around $200,000). Maybe you can help someone. Doing this near the bottom doesn’t help. You saw that last time” said.
Happy hollidays Peter. Just one advice for you: write these things when #Bitcoin is around top (for example around $200k next time) and you just might help someone. Doing this near the bottom doesn’t help. You saw this last time.
— Bensac.crypto (.lens) (📦,💫) 🛸 (💙,🧡) (@BensacCrypto) December 25, 2022
Some users interpreted this post of Peter Schiff as a sign that Bitcoin has reached the bottom.
Schiff’s past BTC Reminding that Bitcoin rose after recommending selling, users said they bought more BTC and wanted to buy it.
*Not Investment Advice.
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