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Peter Schiff warns $60K Bitcoin support may fail, risking a sharp price drop.

Market News
23 May 2026
Tokenpost
View Source
Bearish
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Peter Schiff, a well-known gold advocate and Bitcoin critic, cautions that the widely discussed $60,000 support level for Bitcoin might not hold and could act as a "trap door" leading to further price declines. Despite Bitcoin trading above $60K since February and recent gains pushing it near $74,720, Schiff predicts a significant drop if this support breaks. Analysts note Bitcoin may enter a consolidation phase before a new breakout, with key support around $71,400 and resistance near $78,200. The market remains volatile, and investors are closely watching these levels for signs of stability or further declines.

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Investec Bank sells 7,893 shares of Treatt Group Plc on June 23, 2026.

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