--- title: "Bitcoin Drops Below $73,000: A ‘Break From Precedent,’ Peter Schiff Warns" type: "News" locale: "en" url: "https://longbridge.com/en/news/305052345.md" description: "Bitcoin faces its first back-to-back annual loss in 18 years, prompting Peter Schiff to warn of a potential crash as it drops below $73,000. Conversely, analyst Ali Martinez views the dip near the 200-day moving average as a bullish rebound opportunity. Market pressure is exacerbated by hotter-than-expected October CPI data and significant net outflows from Spot Bitcoin ETFs." datetime: "2026-11-10T17:50:30.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/305052345.md) - [en](https://longbridge.com/en/news/305052345.md) - [zh-HK](https://longbridge.com/zh-HK/news/305052345.md) generator: "portal-rs" --- # Bitcoin Drops Below $73,000: A ‘Break From Precedent,’ Peter Schiff Warns **Bitcoin** (CRYPTO: BTC) is on pace for its first back-to-back annual loss in 18 years of trading history, according to critic **Peter Schiff**, who on Tuesday called the pattern "a break from precedent investors ignore at their peril." ### Bitcoin’s Two Straight Down Years Would Be a First Schiff said that Bitcoin has never fallen two calendar years in a row since its creation, yet it dropped 6.34% last year and sits down 16.5% so far in 2026.  He warned that a third straight annual decline in 2027 would extend a pattern Bitcoin has never experienced before. A day earlier, Schiff pointed out that stocks, tech shares, precious metals miners, gold and silver all rallied, while Bitcoin fell below key support near $75,000 the same day.  "There’s a short window before the crash," he wrote. "Make sure to sell before it closes," he added. ### Why Ali Martinez Sees a Different Setup Forming Widely-followed analyst Ali Martinez pointed to Bitcoin holding its 200-day simple moving average as a bullish signal, drawing a comparison to 2023, when Bitcoin bounced off the same indicator near $20,000 before climbing toward $30,000.  His current chart shows Bitcoin around $75,000, testing that same moving-average line during its latest pullback.  "Last chance to buy the Bitcoin dip?" Martinez asked. "It was the 200-day SMA. BTC held it. Now the rebound begins," he added.  His chart offers no explicit price target, though the comparison implies he expects a similar recovery pattern to play out. ### Hot CPI Data Adds to the Pressure As Benzinga reported Tuesday, October CPI came in hotter than expected, with headline inflation rising 0.4% against a 0.3% forecast and core CPI climbing 0.3% versus the 0.2% economists expected, strengthening the case for another Fed rate hike.  Spot Bitcoin ETFs logged $201 million in net outflows Monday, extending BlackRock’s IBIT to a seventh straight losing session, while the broader fund category has flipped negative for all of 2026 with $914 million in net outflows year to date. *Image: Shutterstock* **Read Also: Anthropic’s Upcoming IPO–Why Jim Cramer Calls It One Of The Most Consequential Ever** ### Related Stocks - [ARKB.US](https://longbridge.com/en/quote/ARKB.US.md) - [BITB.US](https://longbridge.com/en/quote/BITB.US.md) - [BITO.US](https://longbridge.com/en/quote/BITO.US.md) - [BITX.US](https://longbridge.com/en/quote/BITX.US.md) - [BRRR.US](https://longbridge.com/en/quote/BRRR.US.md) - [BTCL.US](https://longbridge.com/en/quote/BTCL.US.md) - [BTCO.US](https://longbridge.com/en/quote/BTCO.US.md) - [BTCW.US](https://longbridge.com/en/quote/BTCW.US.md) - [BTCZ.US](https://longbridge.com/en/quote/BTCZ.US.md) - [DEFI.US](https://longbridge.com/en/quote/DEFI.US.md) - [EZBC.US](https://longbridge.com/en/quote/EZBC.US.md) - [FBTC.US](https://longbridge.com/en/quote/FBTC.US.md) - [HODL.US](https://longbridge.com/en/quote/HODL.US.md) - [IBIT.US](https://longbridge.com/en/quote/IBIT.US.md) - [MAXI.US](https://longbridge.com/en/quote/MAXI.US.md) - [OBTC.US](https://longbridge.com/en/quote/OBTC.US.md) - [YBIT.US](https://longbridge.com/en/quote/YBIT.US.md) - [02818.HK](https://longbridge.com/en/quote/02818.HK.md) - [03008.HK](https://longbridge.com/en/quote/03008.HK.md) - [03042.HK](https://longbridge.com/en/quote/03042.HK.md) - [03066.HK](https://longbridge.com/en/quote/03066.HK.md) - [03135.HK](https://longbridge.com/en/quote/03135.HK.md) - [03430.HK](https://longbridge.com/en/quote/03430.HK.md) - [03439.HK](https://longbridge.com/en/quote/03439.HK.md) - [07376.HK](https://longbridge.com/en/quote/07376.HK.md) - [83042.HK](https://longbridge.com/en/quote/83042.HK.md) - [09008.HK](https://longbridge.com/en/quote/09008.HK.md) - [09042.HK](https://longbridge.com/en/quote/09042.HK.md) - [09430.HK](https://longbridge.com/en/quote/09430.HK.md) - [09439.HK](https://longbridge.com/en/quote/09439.HK.md) - [BLK.US](https://longbridge.com/en/quote/BLK.US.md) ## Related News & Research - [Bitcoin’s ‘Glory Days Are Over,’ Bloomberg Expert Says as Bulls Push Back](https://longbridge.com/en/news/304916608.md) - [Fidelity Wise Origin Bitcoin Fund 3Q 2026 — 10-Q Summary](https://longbridge.com/en/news/304682456.md) - [Bitwise Bitcoin ETF 3Q 2026: Net income $920.47M — 10-Q Summary](https://longbridge.com/en/news/304688917.md) - [Bitcoin and Ethereum ETFs shed $1.8B – Why investors are pulling back](https://longbridge.com/en/news/304350355.md) - [Bitcoin Holders Shift to BlackRock’s IBIT on Security Concerns, Bitrue Says](https://longbridge.com/en/news/304936948.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**