Bitcoin's price rose nearly 4% to $67,360 after Peter Schiff urged holders to sell and buy gold, a call that coincided with institutional accumulation. Schiff's post on X came as Bitcoin briefly dipped below $65,000, but the cryptocurrency rebounded as the Chaikin Money Flow indicator signaled increased institutional interest.
Despite Schiff's repeated bearish predictions, Bitcoin ETFs attracted $4.2 billion in Q1 2026, indicating strong institutional demand. However, technical analysis shows a head and shoulders pattern that could target a drop to $57,900-$63,300 if Bitcoin fails to surpass $70,000. Key support remains at $65,200.
Bitcoin Climbs 4% Following Peter Schiff's Sell Recommendation
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
