Bitcoin's Wild Ride: Is the Dip Just the Beginning?

Bitcoin has taken a nosedive recently, dropping below $100,000 and sparking a frenzy of panic selling. Critics like Peter Schiff are quick to point out that Bitcoin has lost a third of its value when measured in gold and are predicting that all of Bitcoin's 2025 gains will be wiped out. They blame big players, lack of interest from regular investors, and slowing ETF inflows for the downturn. But is this just another bump in the road or the start of a bigger crash?

A Historical Perspective

Interestingly, Bitcoin's current price is sitting right on its 50-week moving average, a level that has historically been a springboard for massive rallies. The last two times Bitcoin touched this line, in September 2024 and April 2025, it surged by 99% and 50%, respectively. This suggests that the current dip could be a setup for another big move up.

Optimism Amidst the Doom and Gloom

Despite the doom and gloom from critics, some analysts remain optimistic. Fundstrat's Sean Farrell still sees a path for Bitcoin to reach $150,000–$200,000 by the end of the year, once liquidity conditions improve. So, while the naysayers may be loud, the chart tells a different story.

The Skeptics and the Chart

Every cycle has its skeptics, and Schiff has been calling Bitcoin's demise for years. But if history is any indication, the 50-week average isn't the start of a crash—it's the prelude to a breakout. So, while the headlines may be dominated by pessimism, the chart, as always, has the last word.