Peter Schiff Highlights Bearish Pattern Formation in BTC Price, Predicts Downside Target

Against the backdrop of Bitcoin’s price correction over the past week, renowned crypto critic Peter Schiff recently fired a jab at the world’s first digital currency, stirring a whirlpool of crypto market participants. In a post shared by the crypto critic today, Schiff spotlighted a bearish pattern in BTC’s chart, anticipating a downside for Bitcoin’s price ahead. This statement promptly gained significant traction across the broader crypto market as the crypto sector witnessed turbulent shifts following BTC-halving and the recent FOMC meeting.