BTC Price $20K is False Bottom - Peter Schiff Warns Traders

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Peter Schiff, in his recent tweet, claimed that Bitcoin at $20K is likely a false bottom, indicating more downside for the flagship currency.

Schiff said that "Bitcoin is attracting new investors to "climb aboard a sinking ship," but $20,000 is likely to prove to be a false bottom".

He advises traders Better to abandon the ship before the bottom drops out.