Bitcoin price is up a fraction of a percentage to $87,500 as of 11:00 PM EST, showing limited upside momentum as markets digest Peter Schiff’s latest warning following silver’s explosive rally.
Veteran economist Schiff warned that Bitcoin could face the opposite outcome of silver’s rise, arguing that market declines often happen faster than rallies once selling pressure increases. His comments followed a dramatic intraday jump of more than 10%, pushing prices briefly above $79 an ounce for the first time.
What happens to silver could soon happen to Bitcoin, just in reverse. But since markets tend to melt faster than they melt, the time frame for this move should be shorter.
— Peter Schiff (@PeterSchiff) December 27, 2025
Market data showed silver rose from $78 to $79 in about 90 minutes, a move that attracted global attention. TradingView charts revealed a near-vertical breakout, confirming that the metal remains in a strong multi-month uptrend and has entered uncharted territory.
Silver’s momentum has reinforced the broader market narrative that favors commodities and alternative assets. This shift is also reflected in the growth of crypto-based tokenized commodities, whose combined market value has risen to $4 billion, signaling increasing investor demand for diversified exposure.
BREAKING: Silver extends gains to over +10% on the day, now above $79/oz for the first time in history.
It only took 90 minutes to go from $78 to $79. pic.twitter.com/jISKFkQHCC
— The Kobeissi Letter (@KobeissiLetter) December 26, 2025
Further details from CompaniesMarketCap showed that silver narrowed the gap with NVIDIA in total market capitalization, indicating increasing institutional interest in metals. Despite silver’s strength, questions remain about durability.
A new chart shows silver’s monthly RSI at a 45-year high, indicating extreme momentum. Another long-term comparison chart shows Bitcoin losing relative strength against silver, giving back gains built up since 2017, underscoring how quickly silver has outperformed BTC in the last rally.
Bitcoin Price Signals Deeper Downside Risk
Bitcoin does trading near $87,500showing weak price action after failing to hold key support levels. The broader chart structure suggests that the bullish momentum has dissipated, with the price now trending towards a bearish continuation scenario.
An important technical feature is the rounded top formation that has developed over several months. This pattern often indicates the exhaustion of the distribution and trend after a strong rally. Bitcoin has already broken below the neckline that previously held the price above the $80,000 zone. This breakdown confirms a shift from a bullish to a bearish market structure.
After losing neckline support, Bitcoin tried to recover but failed to regain that level. The rejected retest turned previous support into resistance, reinforcing bearish pressure. Currently, the price is consolidating below this resistance, which limits the short-term upside potential.
BTCUSDT chart analysis by Tradingview
On the right side of the chart, the price action shows an inverted cup and handle pattern. The small consolidation near current levels represents the “handle,” where buying momentum continues to weaken. A decisive breakdown of this structure would likely increase selling pressure.
Based on the measured move of the round top and inverse cup pattern, the next major downside target is projected between $50,000 and $55,000. This area also aligns with previous consolidation zones and liquidity levels, making it a realistic technical target if the bearish situation materializes.
The RSI (14) is currently around 43 and remains below the neutral level of 50, indicating that the bearish momentum is still under control. Importantly, the RSI is not oversold, meaning there is room for further declines before buyers are forced to intervene aggressively.
Bitcoin remains technically weak below the $90,000-$92,000 resistance zone. As long as the price remains below this area, the downside risk remains high. A strong daily close above the neckline would be needed to negate the bearish structure. Until then, the technical bias favors continued consolidation or further decline.
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