Bitcoin peak is not definitively established: weekly charts show warning signs and critic Peter Schiff argues the top may be behind us, yet historic Q4 surges and current triple-digit gains above $108,000—with highs near $124,500—leave the question open for traders watching momentum and on‑chain signals.
Weekly chart warning: Momentum softening while price tests new highs near $124,500.
Peter Schiff argues the rally may be exhausted and expects a long-term shift toward gold.
Historical Q4 surges: 720% (2013), 350% (2017), 59% (2021) — current cycle shows strong gains but differs from past blow-offs.
Bitcoin peak: Weekly charts and Peter Schiff’s warning show caution as BTC trades near $124,500 — read the latest analysis and what traders should watch now (COINOTAG).
Has Bitcoin already peaked?
Has Bitcoin already peaked? Weekly technicals are showing cautionary signals while critics like Peter Schiff say the rally may have topped, but historical late‑year surges and ongoing triple‑digit gains mean the peak is not yet conclusive. Traders should watch resistance near $124,500 and momentum indicators for confirmation.
Why does Peter Schiff think Bitcoin’s rally may be over?
Peter Schiff, a long‑time gold advocate, argues the current run mirrors historical tops and that macro shifts will favour precious metals. He has cited a view where gold could reach $6,000 and the dollar index could fall to 70, and he expects increased turbulence when U.S. markets reopen after holidays.
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Schiff’s stance rests on correlations he sees between gold and Bitcoin, and on his broader macro outlook. His comments add contrarian weight to a market that has shown large Q4 rallies historically.
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Source: https://en.coinotag.com/bitcoin-weekly-chart-shows-warning-signs-as-peter-schiff-suggests-peak-could-be-behind-us/