The leading crypto Bitcoin lost altitude today, hitting below $65,000. Some experts and analysts, who expected a decline after this, pointed lower. Peter Schiff, known as the gold bug, claims that Bitcoin will not hold the $ 60,000 support. Elsewhere, crypto bear Crypto Capo also expects below $60,000.

Peter Schiff criticized Bitcoin and claimed it will fall!

American investor Peter Schiff has made another one of his now-trendy actions of targeting Bitcoin. Schiff argued that BTC cannot hold at $60,000, the psychologically important support level for BTC. The Bitcoin critic began his piece by first speculating that gold’s pullback is over. The shiny metal is currently trading just above $2,300. For Schiff, however, this value is like the new $2,000. Schiff predicts a resistance level of $2,400 for gold. He also believes that this won’t hold for long. Schiff notes that Bitcoin is a contrast to gold’s outlook.

Schiff, who strongly believes that gold’s retracement is probably over, says that BTC’s retracement is just beginning. BTC was trading at $64,850, down 2.9% in the last 24 hours. This current price level suggests to Schiff that Bitcoin has support at $60,000. However, Schiff does not expect Bitcoin to sustain this level for long. This new forecast comes about a week after the critic noted that a break below the $60,000 mark could trigger a downward spiral to around $20,000.

Crypto Capo also predicts a drop for Bitcoin

Meanwhile, Crypto Capo also shared its views following the decline in the Bitcoin price. Cryptocoin.comAs you follow from Crypto Capo, Crypto Capo is famous for its bearish predictions in the market. The analyst said that he expects the bearish trend to continue in the market. Earlier, he said that the market has started to recover after the Bitcoin price absorbed some liquidity below $60,000.

However, the analyst notes that there is still liquidity for Bitcoin between $57,000 and $59,000. That’s why BTC’s recent bounce has been overextended. Therefore, he expects another wave of decline in the market. However, this wave will not result in a new local low, only a higher low. In this context, the analyst shared the following assessment:

The market has been recovering since BTC took some of the liquidity below $60k. Some altcoins experienced a new low. But others failed to make it. This was expected. But BTC left the liquidity between $57k and $59k and the rise is now overextended. We could have expected another pullback, but this downside move failed to reach new lows, it only formed a higher low. (…)

Source: Cropto Capo / Telegram