Amid the rising geopolitical tensions and the fresh escalation in the Israel-Iran conflict, the Bitcoin (BTC) price faces strong selling pressure slipping under $62,000. Since then, the BTC price has recovered partially and currently trading around $64,111 levels. Interestingly, Bitcoin critic Peter Schiff predicts a major Bitcoin price crash adding that the world’s largest corporate Bitcoin holder Microstrategy is staring at a staggering $2.7 billion in losses.
Bitcoin Price Crash Under $60,000
Peter Schiff issued a stark warning regarding the cryptocurrency’s price, emphasizing the significance of the $60,000 level as critical support.
Schiff highlighted the possibility of a formidable triple-top formation should Bitcoin decisively break below the $60,000 mark. According to his analysis, such a breach could trigger a downward spiral, with a projected downside target of $20,000.
In addition to the broader implications for Bitcoin, Schiff pointed out the potential financial ramific
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