In a rare admittance, the avid gold investor Peter Schiff claimed he was wrong about Bitcoin. He said BTC managed to get through the $12,000 resistance level, which showed strong momentum.
But, Schiff said he thinks Bitcoin has re-entered a bear market phase after it dipped below $10,000. Analysts within the cryptocurrency sector disagree, stating that a 50% drop from here is as likely as $100,000.
