Peter Schiff Claims Bitcoin 'Bubble Is Deflating' — Is BTC Just Pausing After a 77% Yearly Increase?

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: benzinga_crypto

Updated: Aug 27 2025

Should l Buy BTC?

Bitcoin's Underperformance: Peter Schiff criticized Bitcoin for its lackluster performance compared to stocks and gold, stating that the cryptocurrency's bubble is "running out of air."
Comparative Returns: Since Bitcoin's peak at $100,000 in December 2024, it has only risen by 10%, while the NASDAQ increased by 12%, gold surged by 28.5%, and the VanEck Gold Miners ETF skyrocketed by 80%.
Market Behavior: Bitcoin has acted more like a risk-on asset this year, influenced by external factors such as tariff policies and Federal Reserve rate cuts, leading to a drop to $75,000 after "Libration Day."
Skepticism Towards Bitcoin: Schiff has a history of skepticism towards Bitcoin, previously predicting it would never reach $100,000, although he acknowledged being wrong about that prediction.

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Technical Analysis for BTC

Technical Sentiment Analysis for Bitcoin (BTC) As of , Bitcoin (BTC) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Bitcoin (BTC) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	41900.885	50950.442	61324.885	70374.442	80748.885	89798.442	100172.885
Fibonacci	50950.442	58370.41	62954.474	70374.442	77794.41	82378.474	89798.442

About BTC

Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009.Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.”Some concepts for a similar type of a decentralized electronic currency precede BTC, but Bitcoin holds the distinction of being the first-ever cryptocurrency to come into actual use.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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