Bitcoin Price Bounces 4% Right After Peter Schiff Urges Holders to Exit
Key Insights:
- Peter Schiff posted on X, urging holders to sell Bitcoin and buy gold from his SchiffGold store while Bitcoin price sat near $64,800.
- The Chaikin Money Flow indicator crossed above zero during the rebound, signaling institutional accumulation. Spot Bitcoin ETFs pulled in $4.2 billion in Q1 2026 despite the price weakness.
- A head and shoulders pattern on the 4-hour chart still targets the $57,900 to $63,300 zone if BTC price fails to reclaim $70,000. Key support held at $65,200 on the recent dip.
Peter Schiff told Bitcoin holders to sell and buy gold from his store as BTC price briefly corrected and tested the level under $65,000. Bitcoin price did the opposite of what Schiff wanted, bouncing nearly 4% as institutional money flowed in.
Schiff Drops Another “Sell Bitcoin, Buy My Gold” Post
Bitcoin price briefly dipped below $65,000 over the weekend, and Peter Schiff wasted no time. The economist and supposed gold bug have built an entire brand around calling Bitcoin dead, and this time was no different.
Schiff posted on X, urging holders to sell, linking directly to his gold retail store in the same breath. The post came while BTC briefly touched $64,800 and bounced. What followed over the next few hours was a nearly 4% rebound that once again made his timing look terrible.
Peter Schiff’s Latest BTC Price Post | Source: X
This is a pattern. Schiff has been calling for Bitcoin’s death since roughly 2013, when he went on CNBC and called it “tulip mania 2.0” while it traded around a few hundred dollars.
Tulip Mania Tweet | Source: X
In 2019, he said Bitcoin price would never reach $100,000. It did. He has made over 22 documented crash predictions across the last decade. Every single one aged badly.
Bitcoin Price Jumps Nearly 4% as Institutional Flows Kick in
Within hours of Schiff’s post, BTC price climbed from $64,800 to $67,360, a bounce of roughly 4%. The move was not random retail buying either.
The Chaikin Money Flow indicator on the 4-hour chart crossed above the zero line during the rebound, reading around 0.07. CMF tracks the flow of money into and out of an asset. When it crosses above zero, it generally means larger players are accumulating. In plain terms, while Schiff was asking retail to dump their Bitcoin, institutional money was quietly buying it up.
Bitcoin Price Action | Source: TradingView
This lines up with broader Q1 data. Spot Bitcoin ETFs pulled in about $4.2 billion during the first quarter of 2026 despite the price weakness.
Firms like Bernstein and Standard Chartered still have year-end Bitcoin price targets of $140,000 to $150,000. The smart money is clearly not listening to Schiff.
The BTC Chart Still Has a Problem
The bounce looks good, but Bitcoin price is not out of danger on the technical side. The 4-hour chart shows a head and shoulders pattern that has already started playing out. The measured move from the head and shoulders points to a target zone between $57,900 and $63,300. That would mean another leg down of roughly 12% from current levels.
On the way there, BTC price has a few safety nets. The $65,200 zone, which lines up with the 0.786 Fibonacci level, held as support during the recent dip and is the first floor to watch. Below that, $63,300, then $57,900, come into play.
$70,000 Decides What Happens Next
For the bulls, everything comes down to $70,000. A clean break above that level would kill the head and shoulders setup and shift momentum back toward the upside. Below that, the pattern remains active, and the risk of a deeper drop stays real. Schiff will probably post again if BTC price dips. He always does.
But the CMF data, ETF inflows, and the way BTC responded to his latest call tell a different story than the one he is selling. Bitcoin price hit a local peak of $67,360 at the time of writing. The next few days will decide whether this bounce has legs or whether the head and shoulders get the last word.
The post Bitcoin Price Bounces 4% Right After Peter Schiff Urges Holders to Exit appeared first on The Coin Republic.
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