2024

Bitcoin

when

Resistance

Coin

<ul class="wp-block-list news-points">
 <li><strong>Bitcoin’s bearish triple top hints at a price decline.&nbsp;</strong></li>
 <li><strong>Schiff warns of a potential drop to $15,000-$20,000.</strong></li>
 <li><strong>Key support levels are crucial for Bitcoin’s future price action.</strong></li>
</ul>
<p>Bitcoin’s price action is flashing warning signs, showing similarities to a bearish triple top pattern. This pattern hints at a possible decline, especially when viewed in the context of gold.&nbsp;</p>
<p>According to <a href="https://twitter.com/PeterSchiff?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor" target="_blank" rel="noopener noreferrer nofollow">Peter Schiff</a>, Founder of SchiffSovereign, Bitcoin is likely to test the upward trend line near $42,000, though this level might not hold. A deeper correction to the longer-term support levels, between $15,000 and $20,000, seems a more likely trend.</p>
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   <p lang="en" dir="ltr">This looks like a triple top to me. The chart is even worse if you price <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Bitcoin</a> in <a href="https://twitter.com/hashtag/gold?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#gold</a>. At a minimum, Bitcoin is headed to the upward trend line at about $42K, but I doubt it will hold. A retest of longer-term support at $15K–$20K is more likely. Look out below. <a href="https://twitter.com/saylor?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@saylor</a> <a href="https://t.co/d83NRh4Rx5" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/d83NRh4Rx5</a></p>— Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1835631752611578063?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 16, 2024</a>
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<h2 class="wp-block-heading" id="h-resistance-and-support-levels-what-to-watch"><strong>Resistance and Support Levels: What to Watch</strong></h2>
<p>Bitcoin is encountering significant resistance near the 8646.87% level. This price point marks previous highs where the cryptocurrency fac…</p>
<p>The post <a href="https://coinedition.com/bitcoins-bearish-triple-top-schiffs-dire-warning-for-hodlers/" rel="noopener noreferrer nofollow">Bitcoin’s Bearish Triple Top: Schiff’s Dire Warning for Hodlers</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Bitcoin’s Bearish Triple Top: Schiff’s Dire Warning for Hodlers

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