Schiff’s Bold Challenge to Saylor’s Bitcoin Bet - Analyst Declares Sub-$107K BTC a ’Tremendous Buying Opportunity’

Wall Street's crypto clash intensifies as traditional finance meets digital gold rush.

The Great Bitcoin Divide

Peter Schiff fires another salvo against Michael Saylor's billion-dollar Bitcoin conviction, setting up the ultimate financial showdown between old guard gold bugs and new wave crypto maximalists.

Analysts are calling any dip below $107,000 a screaming buy signal, suggesting the current price represents fire-sale conditions for the digital asset.

Market sentiment swings between extreme fear and greedy optimism as institutional money continues pouring into crypto despite traditional financiers clutching their pearls and gold bars. Because nothing says 'secure investment' like a metal we dig out of the ground and a digital asset that's survived countless obituaries.

CoinDesk Research analysis

• Window: Sept. 27, 09:00 UTC to Sept. 28, 08:00 UTC.
• What happened: According to CoinDesk Research's technical analysis data model, bitcoin consolidated in about a $692 band (~1%), between $109,156.82 and $109,849.28.
• Support showed up: repeated holds near ~$109,400 late on Sept. 27 (UTC).
• Resistance formed: ~$109,750 capped rebounds in that same late-evening window.
• Final 60 minutes: between 07:09 UTC and 08:08 UTC on Sept. 28, price popped to $109,663.84 at 08:03 UTC, then settled near ~$109,580, turning ~$109,575 into fresh, short-term support.
• Read-through: Support ~$109,400–$109,575; resistance ~$109,750. A UTC close above ~$109,750 sets up $110,000–$111,000. Lose ~$109,400, and ~$109,150 is next.

Latest 24-hour and one-month chart read

• 24-hour context (as of Sept. 28, 14:41 UTC): price near $109,724 sits above ~$109,400/109,575 support and below ~$109,750 resistance. A break and hold above ~$109,750 (UTC) points to $110,000–$111,000, with $112,000 the broader momentum trigger many traders watch. A slip back under ~$109,400 risks a retest of ~$109,150, then ~$108,500.
• One-month context: after mid-September highs near ~$117,000, bitcoin has compressed into the $109,000–$112,000 area. Reclaiming and holding $112,000 would likely reignite upside momentum. Failing that, more sideways consolidation is the base case rather than a trend break on its own.

 Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.