Renowned trader Peter Schiff has tweeted that he expects the Bitcoin price to fall below $10,000.
The $30,000 limit is critical
Schiff calls the $30,000 limit crucial. He thinks that the chance of a huge crash is considerable if the BTC price falls below this psychological level. A price crash towards $10,000 is then possible, he says.
Schiff has also released a Twitter poll to find out what Bitcoin investors will do if the BTC price continues to fall and dips below $30K. A total of 34,590 people took part in the survey, and just over 54% chose the “I’ll HODL” option.
About 10.4% of participants say they are selling their Bitcoins and will not buy them back. Nearly 20% believe Bitcoin will not fall below the $30,000 zone.