.PeterSchiff again says Bitcoin is bound to drop further, offering a 'brand new' reason for it. $BTC $ETH cz_binance
Earlier this year, there were a couple of times when Schiff's bearish predictions aboutnearly 100% of the time, and he boasted about that on Twitter to his audience.
In early June, he tweeted that Bitcoin was likely to test $20,000, while Ethereum, as per his expectations, was to go down to $1,200. On June 16, Schiff wrote on Twitter that he got these predictions right at a rate of nearly 100% as BTC and ETH came really close to the values he predicted. Also, on Saturday, Aug. 20, he again tweeted that Bitcoin began falling after he released a tweet about two bearish patterns forming on a Bitcoin chart — a Double Top and an inverse pattern Head and Shoulders. Together they formed a reverse pattern known as a Rising Wedge.
He then noted that within five days after he published the tweet, the price of the king crypto declined by 14%.Peter Schiff complained that instead of taking heed of his warning, people on Twitter began accusing him of spreading FUD and mocked him for the bearish forecast. This time, however, the head of Binance exchange, Changpeng Zhao , thanked Peter ironically for tweeting about Bitcoin more than about gold, of which Schiff is a long-time supporter.
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