• Peter Schiff shares his views on.
• His long-term chart represents BTC.
• He presented an imagination of what Bitcoin will look like if it drops to $30k.

Peter Schiff, CEO and Chief Global Strategist of Euro Pacific Capital Inc., has spoken out about his financial views and deep belief in Bitcoin.

To be more specific, he used this Bitcoin move as a way to ask his Twitter (NYSE) followers how confident he is in BTC. He reacted in an open manner and represented a long-term Bitcoin chart, as he said.

TradingView Chart

Technically, based on the BTC pattern on the chart and its market position, Peter Schiff asked the crypto netizens to picture how bad Bitcoin will appear in the long-term if it plummets to its last year’s $30k.

Peter Schiff, a Bitcoin advocate, argued that Bitcoin will continue to fall regardless of the volatility in the chart. He stressed that despite any collective FUD and how the market will go bearish at this crucial moment, it’s impossible for Bitcoin to see a drastic decline from its present $41k to $10k.

He explained,

Below is a #Bitcoin chart. Think about how this chart might look if Bitcoin falls below $30K. A drop to $10K would seem like a lock, but there’s no reason to believe that level would hold up as a permanent floor. The real floor will be zero if the double top is complete!

Traders and crypto lovers entered Schiff’s Bitcoin’s tweet bandwagon wherein they expressed their emotions that appeared in support of Peter Schiff’s. They suggested that BTC would drop to $30k, which will give them a fantastic opportunity to purchase the dip.

Continue reading on CoinQuora