Join Our Telegram channel to stay up to date on breaking news coverageThe Bitcoin price dropped a fraction in the past 24 hours to trade at $115,129 as of 4:16 a.m. EST as Peter Schiff says BTC is ‘topping out’ and a downbeat whale dumped BTC again before the FOMC rate decision on WednesdayEconomist and long-time BTC critic Peter Schiff believes that Bitcoin is running out of steam. — Peter Schiff (@PeterSchiff) September 14, 2025Lowering rates while inflation remains high could worsen economic risks, he said. Bitcoin Price Continues To Hover Below The $116,000 ResistanceThe BTC price is currently consolidating just under the $116,000 mark, facing short-term resistance after breaking out of a falling wedge pattern. After weeks of lower highs and lower lows, the Bitcoin price has managed to reclaim ground above both the 50-day and 200-day Simple Moving Averages (SMAs). BTC Bulls Target $124,000 And BeyondGiven the wedge breakout and confirmation above the major moving averages, Bitcoin appears poised for another leg upward.