Shift: If Bitcoin falls below $50,000, it could drop below $16,500

Peter Schiff, chief economist and global strategist at Euro Pacific Asset Management, said in an X post on the 14th that bitcoin could fall quickly below $16,500 if it breaks under $50,000, a level he described as the 2022 low, and added that a retest of that range before year-end would not surprise him. The call is a conditional scenario tied to a specific price break rather than a prediction of an immediate decline. The remarks came as bitcoin traded near $67,997 on the morning of the 14th, according to Strategy's ($MSTR) bitcoin metrics page. The gap between the current price and Schiff's $50,000 trigger leaves roughly $18,000 of downside before his faster-decline scenario would even come into play. Traders will watch whether bitcoin holds the $50,000 line, with a break opening the path toward the $16,500 level he flagged.