Peter Schiff Says $75,000 Bitcoin Is Coming: Watch These 5 Catalysts

Bitcoin (CRYPTO: BTC) trades above $80,000 Monday, holding above Peter Schiff’s $75,000 warning as five major catalysts line up to test the market this week.

Why Schiff Says a Break Below $75,000 Looms

Schiff posted on X Saturday that Bitcoin’s drop below $80,000 points to $75,000 as the next likely stop. 

"If that level fails to hold today, it’s going to be a very long weekend for Bitcoiners, especially for ETF investors who can’t sell until Monday," he said.

Bitcoin’s daily chart still shows weakness, trading below its 50-day EMA at $80,740 and 20-day EMA at $81,862, with RSI at 41.83 pointing to bearish momentum.

Price is now testing the lower boundary of a descending channel near $79,300.

Key levels for BTC:

• $80,740 then $81,862: levels buyers need to reclaim to ease selling pressure
• $77,632: 100-day EMA, next downside target if $79,300 breaks

Why This Week Could Decide the Market’s Next Move

Widely-followed market commentator Bull Theory posted on X that five major events this week could shape sentiment across both crypto and broader markets:

Day	Event	What to Watch
Wednesday	Fed Rate Decision	Rates expected to hold at 3.75%–4.00%, though another hike is anticipated in December. A hawkish signal from Kevin Warsh could pressure stocks; a softer tone could spark a relief rally
Wednesday	Alphabet & Microsoft earnings	Microsoft expected near $90.6 billion in revenue; Alphabet near $128 billion. Investors will focus on AI spending and cloud growth
Thursday	Amazon, Intel, Sandisk earnings	AWS growth, Intel’s chip business and Sandisk’s memory demand offer another read on AI spending resilience
Thursday	U.S. PCE Inflation & GDP Data	Headline PCE expected to rise to 3.6% from 3.4%; core PCE projected at 3.1% annually. Q3 GDP growth expected near 3.2%
Friday	Bank of Japan Rate Decision	Japan’s rate already at 1.25%, a 31-year high. BOJ expected to hold steady, though a surprise could strengthen the yen and pressure global markets via the carry trade

The midterm elections fall just days after this stretch of catalysts, adding another layer of uncertainty. 

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