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Peter Schiff may be irrational, but BTC isn't

COINBASE:BTCUSD   Bitcoin
The weekly chart is moving to the lower extremity of a long-term lower trend line, but it isn't doing anything it hasn't done repeatedly over the course of many years. BTC is definitely at an inflection point, but it hasn't wicked down to an emergency level. Below $6650? OK, yeah everyone's hands should be shaking -- that's the moment that will separate strong hands from weak ones, but it's not here yet. Headed that way? Maybe, or maybe it's just headed toward another great buying opportunity. Don't stay focused on short-term daily charts but always pull back to get some longer frame perspective. This is not the chart of a pump and dump, and anyone who says it is has some other agenda to sell you.
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