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Published 6 Jun 2026, 13:13 UTC · fetched 3 Nov 2026, 10:54 UTC
Peter Schiff
@PeterSchiff
In reply to · 6 Jun 2026, 13:09 UTC · context given to the AI
Bro, that’s wrong. It’s an ascending (bullish) channel pattern forming on this long-term BTC/USD monthly chart. In your chart, there are two parallel upward-sloping blue lines acting as support (lower line) and resistance (upper line). Price has been respecting this channel for several years. The scenario is bullish as price bounces off the lower trendline and heads back toward the upper channel line (potential target in the $70k–$80k+ range if the channel holds).@CountMoneyPDX I don't see any real support above the lower blue line, which Bitcoin will hit between $25,000 and $27,000 depending on how quickly it falls. But yes, if that trend line holds, Bitcoin can move higher from there. But that's a big "if".View original on X ↗
Deterministic: the same prices and policy always give the same result
unscored Awaiting manual review
Only the end-of-horizon price counts. A brief move followed by a reversal is not a success. Read the methodology
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