Bitcoin (then about $17,000) will not rise meaningfully above $17,000 and will fall to new lows in the ongoing bear market (read as through end of 2023).
Inaccurate ●●●●●
“Don't make the mistake of thinking that #Bitcoin is forming a floor at $17K. It's forming the next ceiling.”
- Said on
- 6 December 2022 · Post on Twitter, Dec 6, 2022. No window given; "this bear market" read as about a year (to end-2023).
- Source
- Peter Schiff predicted Bitcoin would fall below $5,000 · ForkLog
- Should come true
- 2023
- How sure they sounded
- Don't make the mistake
- Categories
- Crypto
- Importance
- 2 of 5 · A price call that matters mainly to the crypto market.
Outcome
Inaccurate Happened 21 January 2023.
$17K was no ceiling. Bitcoin rose above $20,000 by January 14, 2023 and above $23,000 by January 21, and it never fell below its November 2022 low. Within the window it stayed above $17K, and by March 2024 it hit records above $73,000.
History
- 2026-10-17 00:05:33 · created by claude
- 2026-10-17 00:05:33 · categorized by claude
- 2026-10-17 00:06:41 · scored by claude
- 2026-10-17 00:06:59 · categorized by claude