Bitcoin Falls Below $93K Amid Calls to Buy Gold

Bitcoin's price has dropped below $93,000 after losing the $100,000 support. This decline follows a substantial crypto market liquidation on October 10. Key points include:

Gold is outperforming Bitcoin, with prices back above $4,100, while Bitcoin struggles.
Peter Schiff noted Bitcoin's 26% drop from its recent peak and a 39% decrease when measured against gold.
Bitcoin's sell-off is linked to significant ETF outflows and high market leverage.
Analysts predict Bitcoin could fall further to $83,500 due to increased selling pressure and inflows of over 10,000 BTC into exchanges.
Despite current trends, some investors like Robert Kiyosaki and Michael Saylor express intentions to buy more Bitcoin.

For detailed insights, view related data on Bitcoin.