[BTC Quickly Recovers After Falling Below $80,000, Peter Schiff's Bearish Prediction of $75,000 Fails] According to Jinse Finance, on October 24th, Bitcoin fell below $80,000 for the first time since September 18th, slipping to approximately $79,000 (a 5-week low). Gold bull Peter Schiff posted on X that day, stating that "Bitcoin has finally broken down," and predicting a drop to $75,000 by the weekend, adding that ETF investors would face a "very long weekend" due to their inability to sell before Monday. The actual trend was the opposite: BTC subsequently rebounded quickly, regaining the $80,000 level and briefly touching $81,000 before slightly retreating. Schiff has long been bearish on Bitcoin, and this bearish prediction has not yet come true.