Financial expert and Bitcoin critic Peter Schiff believes that Bitcoin's technical picture looks«terrible». The bear flag indicates a possible fall towards $6,000, according to his analysis.
</p>He is confident that soon a"head and shoulders" model. At the same time, the head, in his opinion, is at $14,000, and the neck is slightly below $8,000, which supposedly indicates the likelihood of a further fall to $2,000.
Trader WhalePanda immediately invited Schiff to open a short position with a 100x leverage on BitMEX.
</p>«You will have to use a VPN as access is limited to users from the US, Syria, North Korea, Iran and other similar countries», — WhalePanda did not hide his sarcasm.
Schiff and Morgan Creek Digital co-founder Anthony Pompliano also argued over whose podcast to listen to. At the same time, Schiff called the opponent warned.
</p>One Twitter user added that such a severe fall would be a good opportunity, which Schiff criticized:
«Do you really think that falling on90% — from 20 thousand to 2 thousand — looks like a good opportunity? For whom? Smart investors will realize that Bitcoin could just as easily lose another 90% and fall to $200.
Schiff said earlier that Bitcoin failed the test for a defensive asset, and Tom Lee from Fundstrat agreed with him.