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© Reuters. Economist Warns BTC Hodlers To Sell BTC as Downside Risk is High
- Peter Schiff alerts BTC hodlers to sell their coins.
- The economist pointed out that BTC has a high downside risk.
- Also, Schiff asserted that BTC is closer to its ceiling price.
Economist Peter Schiff indicates a sell-signal for the (BTC) hodlers as a Christmas gift to them. In a tweet in the past day, Schiff asserted that BTC has a high risk at the downside and the upside potential is low. Also, he added that the support zone around $18,300 is now the resistance for the coin.
My #Christmas gift to #HODLers is this #Bitcoin chart. As you can see Bitcoin is much closer to its ceiling than its floor. The yellow line that was once support is now resistance. Since the upside potential is so low and downside risk so high, the smart move is to sell today.
The post Economist Warns BTC Hodlers To Sell BTC as Downside Risk is High appeared first on Coin Edition.
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Image and article originally from www.investing.com. Read the original article here.