- Before Bitcoin’s upcoming halving, the price of Bitcoin was tracked as $8,769.83 as compared to yesterday’s drop with a loss of 9.48%.
- The Gold bug Peter Schiff could not wait to give his delight comments on Bitcoin’s bad luck.
- With a sudden drop in BTC price today many analysts expressed their flip-flopped views on social media.
Bitcoin’s upcoming halving is just hours away, the price of Bitcoin was tracked as $8,769.83 as compared to yesterday’s drop with a loss of 9.48%. This drop raised many concerns on Twitter from traders. Peter schiff who never miss any chance to take a dig at Bitcoin, again slammed bitcoin in his latest tweet.
Schiff pointed BTC speculators
The Gold bug Peter Schiff could not wait to give his delight comments on Bitcoin’s bad luck. Schiff opined that some of the Bitcoin advocates who believed in the expectation of the halving couldn’t wait for the actual fact to start selling.
Looks like some of the #Bitcoin speculators who bought in anticipation of the halving couldn't wait for the actual fact to start selling. As more sellers jump the gun, by the time the fact occurs, the profits those buying the rumor were hoping to cash in on may already be gone.
— Peter Schiff (@PeterSchiff) May 10, 2020
The Bitcoin’s harshest critic couldn’t escape a single moment to bash BTC speculators and motivate them to buy gold.
A few days back, a BTC supporter, Dan Burkholder shared a post pinching Schiff. Burkholder said that Schiff tweets more about Bitcoin than gold. Thus, it proves that BTC is an interesting conversation for him that of gold.
I admit I like to rile you guys up. Once #Bitcoin collapse I won't be able to do it as much. So I need to make hay while the sun shines, as it won't shine for long.
— Peter Schiff (@PeterSchiff) May 5, 2020
Further, replying to this tweet Schiff sarcastically notified, once BTC will collapse he won’t be able to talk about it anymore.
The Flip-flop views of analysts on Bitcoin price
With a sudden drop in BTC price today many analysts expressed their flip-flopped views on social media. A significant crypto personality Josh Rager voiced that it is assumed that Bitcoin will hit the local top and be heading down to $7k if it ends up below $8400.
Tick tock it's officially Sunday UTC, time to let the $BTC games begin
$9100 couldn't hold – that was a key area
Bitcoin looks like it hit local top and to be heading down to $7k land if this closes below $8400 (grey box)
Expect more volatility today – seat belts pic.twitter.com/t5DVJB149x
— Josh Rager ? (@Josh_Rager) May 10, 2020
However, Later Rager posted a video depicting price movement of BTC stating a quick 2 minutes market update of bitcoin.
Moreover, the situations of BTC will fluctuate before its third upcoming halving. During this time period, no one could predict what actually will happen with the king coin.