Well-known financial commentator and CEO of Euro Pacific Capital Peter Schiff stated that the Bitcoin price has created a head and shoulders pattern and is currently at the neckline. A breakdown from this pattern would take it to $1000.
Schiff is a notable Bitcoin bear. However, his predictions have been wrong several times before.
Also, a popular TradingView author, MagicPoopCannon, has just predicted a $1,000 BTC based on bitcoin’s recent head and shoulders pattern. In this video, I will take a look at his analysis and show you how he arrived at $1000 bitcoin, plus show some evidence to why this particular scenario is unlikely.