Analysts Bullish On Bitcoin Despite Peter Schiff’s $20,000 Doom Scenario

Analysts remain optimistic about the future of Bitcoin, despite the recent doomsday scenario predicted by Peter Schiff. Schiff had previously warned about the limited liquidity of Bitcoin ETFs, stating that investors would be unable to sell if the market crashed overnight. In response to the recent Bitcoin correction, Schiff suggested that BTC could drop as low as $20,000. However, many analysts have dismissed this prediction as a minor setback in the larger macro picture. They believe that Bitcoin’s chart still looks strong and that the recent correction is just a temporary dip. Some analysts even see the correction as an opportunity for BTC to reaccumulate before experiencing a post-halving parabolic upside. One analyst, Crypto Jelle, maintains a bullish outlook and predicts a price target of $82,000 for BTC after the upcoming halving event. Despite the recent correction, Bitcoin has already started to recover and is currently trading at $66,275.