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Peter Schiff warns Bitcoin could drop below $16,500 if it falls under $50,000 by end of 2026

Market News
14 Nov 2026, 13:31 WIB
Crypto news
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Bearish
Peter Schiff warns Bitcoin could drop below $16,500 if it falls under $50,000 by end of 2026

Peter Schiff predicts Bitcoin may fall below its 2022 low of $16,500 before the end of 2026 if it breaks the $50,000 support level, potentially triggering a rapid selloff. Currently trading around $67,200, Bitcoin would need to drop about 25.6% to hit $50,000 and over 75% to reach $16,500. Schiff's warning also highlights risks for Strategy, a company holding over 850,000 BTC at an average cost of $75,456, which could face significant losses if prices fall. Meanwhile, some analysts see buying opportunities near $68,000 and expect potential recovery, showing mixed market views.

Bitcoin price predictions provide context for Pluang's cryptocurrency market snapshot as of Nov 14, 2026 17:41 WIB: out of 50 major cryptocurrencies, only 5 rose while 44 fell. Avalanche (AVAX) dropped 4.83% to Rp145.854 with a typical hold time of 88 days and a buy-heavy order activity of 67%. Uniswap (UNI) declined 4.71% to Rp100.751, and Cardano (ADA) fell 4.64% to Rp2.982, both showing strong buying interest despite losses.

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