{"id":76982,"date":"2026-08-18T23:38:37","date_gmt":"2026-08-18T23:38:37","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/schiff-says-bitcoin-faces-key-65k-resistance-test-expected-major-selloffs\/"},"modified":"2026-08-18T23:38:37","modified_gmt":"2026-08-18T23:38:37","slug":"schiff-says-bitcoin-faces-key-65k-resistance-test-expected-major-selloffs","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/schiff-says-bitcoin-faces-key-65k-resistance-test-expected-major-selloffs\/","title":{"rendered":"Schiff Says Bitcoin Faces Key $65K Resistance Test, Expected Major Selloffs"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Peter Schiff flagged $65,000 as bitcoin\u2019s key resistance after the asset continued to hold steady its current band.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Bitcoin has traded between $58,000 and $65,000 since early July, down nearly 50% from its 2026 peak.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Schiff urged holders to sell Strategy\u2019s MSTR and bitcoin last week citing gold\u2019s rally as a bearish catalyst.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>Schiff\u2019s Latest Bitcoin Puzzle<\/h2>\n<p>Peter Schiff, the gold-bull economist and longtime bitcoin critic, is once again puzzling over the <a href=\"https:\/\/x.com\/PeterSchiff\/status\/2089455678922293352\" target=\"_blank\" rel=\"noopener noreferrer\">network\u2019s refusal to crack under pressure<\/a>, noting that he wasn\u2019t sure why bitcoin didn\u2019t sell off over the past 24 hours. He singled out $65,000 as the resistance level standing between the asset and its next leg down.<\/p>\n<figure id=\"attachment_840291\" aria-describedby=\"caption-attachment-840291\" style=\"width:1551px\" class=\"wp-caption aligncenter\"><figcaption id=\"caption-attachment-840291\" class=\"wp-caption-text\">Image source: X<\/figcaption><\/figure>\n<p>Schiff first flagged the $65,000 region as a rejection point early last week, calling bitcoin \u201canti-gold\u201d and arguing that every leg higher in gold has coincided with a leg lower in bitcoin. Subsequently, he urged his followers to <a href=\"https:\/\/x.com\/PeterSchiff\/status\/2086844150578627054\" target=\"_blank\" rel=\"noopener noreferrer\">sell both MSTR and bitcoin<\/a> outright as gold resumed its rally.<\/p>\n<p>The comments landed squarely inside a trading range that seems to have defined bitcoin\u2019s summer, with the asset bouncing between roughly $58,000 and $65,000 (with rallies largely capped around the latter limit).<\/p>\n<h2>A Resistance Level That Keeps Repeating<\/h2>\n<p>Since bitcoin briefly tested lows close to $58,000 in early July, the asset has repeatedly rallied into the mid-$60,000s only to stall. Technical analysts point to the 50-day and 200-day moving averages sitting overhead as reinforcing resistance, while the 20-day moving average has become the level bulls need to reclaim to make any <a href=\"https:\/\/news.bitcoin.com\/market-updates\/katie-stockton-bitcoin-major-low\/\">credible case that a bottom is forming<\/a>.<\/p>\n<p>That said, Schiff\u2019s skepticism is not new, and it is not limited to price levels because a couple of months ago he was warning holders they would come to <a href=\"https:\/\/news.bitcoin.com\/peter-schiff-bitcoin-regret-not-selling-60000\/\">regret not selling bitcoin above $60,000<\/a>, arguing that the asset\u2019s bounce back toward $65,000 at the time was a gift for exit liquidity rather than confirmation of a new uptrend.<\/p>\n<p>He has maintained that stance through the summer even as bitcoin has avoided the deeper breakdown he has repeatedly forecast, at various points suggesting downside targets as low as $20,000.<\/p>\n<p>For the time being, bitcoin seems content sitting near a well-defined ceiling without committing to a direction. However, a decisive close above $65,000 would put bitcoin within range of retesting levels not visited since earlier in the year.<\/p>\n<p>Not only that, institutional positioning around bitcoin exchange-traded funds and corporate treasury buyers, including Strategy, will likely stay in focus as a tiebreaker for which direction the range eventually resolves. Until then, Schiff\u2019s own uncertainty about why the sell-off hasn\u2019t come may be as telling a signal as any of his more confident predictions.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/crypto-news\/peter-schiff-bitcoin-65000-resistance\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Peter Schiff flagged $65,000 as bitcoin\u2019s key resistance after the asset continued to hold steady its current band. Bitcoin has traded between $58,000 and $65,000 since early July, down nearly 50% from its 2026 peak. Schiff urged holders to sell Strategy\u2019s MSTR and bitcoin last week [&hellip;]<\/p>\n","protected":false},"author":3947362404,"featured_media":76983,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/76982"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362404"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=76982"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/76982\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/76983"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=76982"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=76982"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=76982"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}