Peter Schiff, CEO of Euro Pacific Capital and a prominent Bitcoin critic, said Bitcoin's rebound looked like a selling opportunity for long-term holders, adding that he was unsure why the token had avoided a sell-off and what was supporting the price. He said $65,000 was a resistance level with limited upside above it and substantial downside risk below it. Bitcoin was trading at $64,405, up 2.49% over the past 24 hours, according to CoinMarketCap.