Bitcoin Rebounds Above 2026 Low as Peter Schiff Floats “Crypto Black Monday” Warning

Bitcoin has slid roughly 24% over the past month and is trading about 52% below its Oct. 6, 2025 peak above $126,000, even as buyers pushed it back above $61K after dipping to just under $59,750. Peter Schiff warned on Friday that a fresh breakdown could trigger a “Crypto Black Monday,” and his X poll showed 59% of 15,700+ votes saying BTC would need to hit zero before they'd concede he was right. Bulls pointed to oversold RSI signals and model-based targets near $165,000, while traders focused on whether price can hold above the 2026 low.