Schiff Challenges Saylor’s Bitcoin Bet, Analyst Says Sub-$107K BTC Is a 'Tremendous Buying Opportunity’

Analysts mapped a slow-grind way for bitcoin and flagged $112,000 arsenic the trigger portion golden advocator Peter Schiff revived the gold-versus-bitcoin statement by challenging Michael Saylor’s BTC treasury stake for his firm.

CoinDesk Senior Analyst James van Straten said bitcoin’s marketplace operation has shifted alongside gold’s repricing.

He expects a slow, stair-step beforehand supported by dependable ETF inflows, with 10–20% pullbacks on the way. He compared the setup to golden successful the aboriginal 2000s, erstwhile prices climbed for years but often paused for steadfast corrections.

In his framing, bitcoin whitethorn sometimes lag golden and sometimes outperform it, yet helium inactive sees bitcoin starring connected full returns implicit a afloat cycle.

Michaël van de Poppe focused connected near-term levels.

He called sub-$107,000 a bargain zone, signaling wherever helium thinks dip buyers are apt to measurement in. He besides pointed to $112,000 arsenic the ceiling to beat. A cleanable interruption and clasp supra $112,000 connected UTC closes would, successful his view, corroborate spot and broaden hazard appetite, the constituent astatine which flows often rotate into ample altcoins. That is what helium means by “altcoin mode.”

Euro Capital CEO Peter Schiff, meanwhile, challenged Michael Saylor’s strategy by contrasting Strategy’s bitcoin vulnerability with a hypothetical golden program.

His halfway assertion is liquidity. He argued that tens of billions of dollars successful golden could beryllium sold with constricted marketplace impact, portion trying to exit a akin bitcoin presumption could deed prices hard and acceptable disconnected copycat selling.

Supporters of bitcoin would antagonistic that immoderate ample seller could signifier exits implicit clip and usage over-the-counter channels, but Schiff’s constituent is that gold’s marketplace extent offers much flexibility to precise ample holders.

CoinDesk Research analysis

• Window: Sept. 27, 09:00 UTC to Sept. 28, 08:00 UTC.
• What happened: According to CoinDesk Research's method investigation information model, bitcoin consolidated successful astir a $692 set (~1%), betwixt $109,156.82 and $109,849.28.
• Support showed up: repeated holds adjacent ~$109,400 precocious connected Sept. 27 (UTC).
• Resistance formed: ~$109,750 capped rebounds successful that aforesaid late-evening window.
• Final 60 minutes: betwixt 07:09 UTC and 08:08 UTC connected Sept. 28, terms popped to $109,663.84 astatine 08:03 UTC, past settled adjacent ~$109,580, turning ~$109,575 into fresh, short-term support.
• Read-through: Support ~$109,400–$109,575; absorption ~$109,750. A UTC adjacent supra ~$109,750 sets up $110,000–$111,000. Lose ~$109,400, and ~$109,150 is next.

Latest 24-hour and one-month illustration work

• 24-hour discourse (as of Sept. 28, 14:41 UTC): terms adjacent $109,724 sits supra ~$109,400/109,575 enactment and beneath ~$109,750 resistance. A interruption and clasp supra ~$109,750 (UTC) points to $110,000–$111,000, with $112,000 the broader momentum trigger galore traders watch. A gaffe backmost nether ~$109,400 risks a retest of ~$109,150, past ~$108,500.
• One-month context: aft mid-September highs adjacent ~$117,000, bitcoin has compressed into the $109,000–$112,000 area. Reclaiming and holding $112,000 would apt reignite upside momentum. Failing that, much sideways consolidation is the basal lawsuit alternatively than a inclination interruption connected its own.

Disclaimer: Parts of this nonfiction were generated with the assistance from AI tools and reviewed by our editorial squad to guarantee accuracy and adherence to our standards. For much information, see CoinDesk's afloat AI Policy.