TL;DR
- Peter Schiff renewed his warning about a potential Bitcoin downturn as the price trades near a decisive technical zone.
- Market analysts identified the $100,000–$101,000 range as a critical short-term pivot that may define momentum.
- Despite the recent pullback, broader pro-crypto fundamentals remain solid, supported by institutional adoption, global liquidity dynamics, and Bitcoin’s role as an alternative asset amid monetary uncertainty.
Peter Schiff returned to the Bitcoin debate with fresh criticism, timing his comments with a period of elevated volatility. As Bitcoin trades around $92,971.65, down 2.53% over the last 24 hours, the long-standing critic framed the correction as a warning sign. Market participants, however, largely viewed the move as a consolidation phase following a strong rally rather than evidence of structural weakness.
Everyone expects Bitcoin to follow gold’s lead and rally to new highs. But the market has given speculators way too much time to buy. What’s far more likely is that Bitcoin’s failure to match gold’s gains undermines its narrative as digital gold, resulting in a spectacular crash.
— Peter Schiff (@PeterSchiff) January 19, 2026
Bitcoin Price Action Tests A Key Technical Zone
Bitcoin has declined roughly 30% from its recent peak near $126,000, a move Schiff contrasted with gold’s performance over the same period. He argued that this divergence challenges Bitcoin’s comparison with precious metals. Traders instead focused on the technical structure, where short-term moving averages hovered near a potential bearish crossover around $100,000.
Analysts emphasized that a sustained move above $101,000 could stabilize sentiment and attract renewed buying interest. Failure to reclaim that range may extend the correction, but most desks described this scenario as a normal market reset. The 200-day exponential moving average near $69,000 remained a long-term reference, aligning with prior cycle highs that continue to act as structural support.
Market Signals And Institutional Context
Beyond price charts, on-chain data showed limited signs of panic selling. Long-term holders maintained positions, while exchange balances suggested that recent selling pressure came mainly from short-term traders. This behavior reinforced the view that the broader investor base remained confident in Bitcoin’s long-term value proposition.
Institutional participation also stayed central to the discussion. Even during quieter periods of corporate announcements, ETF flows and custody activity reflected ongoing integration into traditional finance. Macro conditions further supported the pro-crypto thesis, as expectations of easier monetary policy and persistent fiscal imbalances continued to favor scarce digital assets.
In conclusion, Schiff’s warning highlighted short-term risks without undermining the broader outlook. Bitcoin remained in a corrective range, not a breakdown. As long as core support levels hold and long-term holders stay engaged, many investors view volatility as part of Bitcoin’s price discovery process, rather than a judgment on its role within the global financial system.
