Bitcoin is trading near $64,000 after another push toward the $65,000 mark, as the debate over its near-term direction intensifies. Noted crypto skeptic Peter Schiff stated that Bitcoin’s latest rebound presents an exit opportunity for holders rather than signaling a sustained recovery.
Resistance at $65,000 draws attention
Peter Schiff raised doubts about Bitcoin’s ability to overcome the $65,000 resistance zone, describing this price as a significant barrier for further upside. He maintained that Bitcoin’s downside risks remain higher than its potential gains in the current environment.
Posting on X, Schiff remarked that Bitcoin’s current rally gives an additional opportunity for investors to sell. He reaffirmed his longstanding view that gold and silver serve as more reliable stores of value, highlighting recent strength in those markets.
Schiff suggested that as Bitcoin approaches $65,000, any upward movement should be treated with caution, and that the latest surge offers holders another chance to exit before resistance pushes the price back down.
The reaction of Bitcoin’s price around $65,000 now holds particular significance, with market participants watching to see if the digital asset can decisively break above this threshold. A clear breakout would weaken Schiff’s immediate bearish case, while another rejection could extend the current period of sideways trading.
Federal Reserve signals impact risk assets
Expectations for further interest rate hikes from the Federal Reserve have shifted, bolstering risk assets such as Bitcoin. Goldman Sachs chief economist Jan Hatzius said a September rate increase from the Fed appears unlikely, citing slower employment growth, softer consumer spending, and moderating inflation as key factors.
Interest-rate futures markets reflect this sentiment, with traders assigning a significantly lower probability to another rate hike compared to last week. The cooling outlook for monetary tightening creates a more favorable backdrop for Bitcoin, as lower rates typically benefit assets seen as riskier and help relieve pressure on borrowing costs.
While traditional markets rely on complex brokers, a massive shift is happening: Wall Street is moving to Web3. Investors are now using platforms like 1stepSwap to hold shares of major U.S. companies, gold, and silver directly in their crypto wallets. By tokenizing Real-World Assets (RWAs) and automatically finding the best market prices in seconds, it completely removes the middlemen.
Schiff’s decade-long skepticism continues
Peter Schiff has been a persistent critic of Bitcoin since its earliest years, frequently positioning gold as a superior alternative. Earlier in 2026, he predicted that a drop below $50,000 could trigger a move toward or below $20,000 for Bitcoin, although this scenario has not occurred as the cryptocurrency maintains its position above $60,000.
Schiff’s outlook remains consistent: he regards gold as a safer long-term store of value compared to Bitcoin, even as digital assets maintain elevated valuations.
Traders are focusing on Bitcoin’s behavior near $65,000 for clues about market sentiment. A sustained move above this resistance could signal renewed momentum and strengthen Bitcoin’s recovery prospects. Conversely, another failed attempt to surpass $65,000 may reinforce the current trading range and offer sellers another window of opportunity.
