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Bitcoin rebounds from 2026 low but Peter Schiff warns price could still crash to zero

Market News
07 Jun 2026
Bitcoin
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Bearish
Bitcoin rebounds from 2026 low but Peter Schiff warns price could still crash to zero

Bitcoin has recovered slightly above $61,000 after hitting a 2026 low near $59,750, but gold advocate Peter Schiff warns that the cryptocurrency could face a "Crypto Black Monday" and fall much further, possibly to zero. Schiff's recent poll showed 59% of respondents believe Bitcoin must hit zero before conceding his bearish stance. Despite the pessimism, some bullish investors point to technical indicators and models suggesting Bitcoin could rise to $165,000 or more. The key level to watch is whether Bitcoin holds above its 2026 low; a break below could trigger more selling and financial strain for some holders. The coming weeks will reveal if this downturn is a prolonged bear market or a buying opportunity for long-term investors.

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Devon Energy shares seen rising 40% as analyst sets $67 price target amid asset sale pressures.

Devon Energy shares seen rising 40% as analyst sets $67 price target amid asset sale pressures.

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Amazon's price target raised 50% on strong AWS demand and $200B AI investments.

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