'It's a Trap Door': Peter Schiff Issues New Bitcoin Collapse Warning
Peter Schiff issues a stark warning about Bitcoin's $60,000 price floor, calling it a 'trap door'.
U.Today1 min read
Bitcoin $50K Bottom Call Faces Pushback As Price Nears $75K
TL;DR
Analysts are predicting a potential drop in Bitcoin's price to $50,000, citing previous market cycles. However, Bitcoin is currently nearing $75,000, raising questions about the accuracy of these forecasts.
Key points
- Analysts predict Bitcoin could drop to $50,000
- Bitcoin is nearing $75,000 currently
- Previous bear markets saw drops of over 80% and 77%
- Broader economic forces are affecting the market
- Large institutions are now involved in Bitcoin trading
Previous bear markets left scars that are hard to ignore. The 2017 crash wiped out more than 80% of Bitcoin’s value. The 2021 collapse took nearly 77%. So when a fresh wave of analysts began calling for a drop to $50,000, the warnings carried weight — at least on paper.
A Different Kind Of Cycle
Nick Ruck, director of LVRG Research, said the $50,000 level was being eyed as the last major buying opportunity before any real recovery could take hold. A drop to that price, he said, would represent a “healthy cycle reset” given the pressure from broader economic forces and weak movement of capital into crypto.
But Ruck also raised a point that separates this downturn from past ones: Bitcoin is already down roughly 40% from its record high, and this time around, large institutions are involved in ways they simply weren’t before.
BTCUSD currently trading at $74,749. Chart: TradingView
That changes the math. Prior crashes were driven mostly by retail traders — ordinary people buying and panic-selling. Institutional money behaves differently, and consistent buying pressure from that side of the market may be putting a floor under prices that didn’t exist in earlier cycles.
“There is a chance this cycle might not reach an idealized 60% drawdown,” Ruck said, pointing to what he called a distinctively macro-structured market environment.
Bitcoin: the big flush…
I don’t think we’ve had it yet
I don’t think $60,000 was the bottom
You can pray for it of course 😈 but it won’t helpTrend is still down
The few % bounces are tiny if you zoom out
I will reconsider this stance in case bull strength returns
It’s just…— Ivan on Tech 🍳📈💰 Head Trader @ Bullmania (@IvanOnTech) April 13, 2026
Trader and author Ivan Liljeqvist posted to X that Bitcoin had yet to experience what he called “the big flush.” He said he didn’t believe $60,000 marked the bottom, and that the overall trend remained pointed downward.
Q&A
What is the significance of the $50,000 Bitcoin price prediction?
The $50,000 level is seen as a potential last major buying opportunity before a recovery, according to analysts.
How much has Bitcoin dropped from its all-time high?
Bitcoin is currently down approximately 40% from its record high.
What factors are influencing the current Bitcoin market cycle?
Broader economic pressures and weak capital movement into crypto are influencing the current market cycle.
How do institutional investors impact Bitcoin's price predictions?
This downturn is different because large institutions are now involved in the Bitcoin market, which wasn't the case in previous cycles.
