A prominent digital asset venture capitalist has warned that Bitcoin (BTC) could soon fall below a key support level.
Chris Burniske, founder of Placeholder Capital says The 269,900 followers on social media platform
“If we reset and go for full consolidation, BTC falling below $40,000 is a foregone conclusion. What it does in the low to mid $30,000 range is more important. This is an open question. No, I wouldn’t ‘trade’ this. “When prices improve again, I will still be an accumulator.”
Inmortal, a pseudonymous cryptocurrency analyst, also proposal Bitcoin will fall below $40,000. He believes that if Bitcoin corrects, the cryptocurrency king will find support at the $37,700 level before a rebound.
“I like $37,700.
Trend lines + monthly public confluences.”
At the time of writing, Bitcoin is trading at $43,080, up 5.36% in the last 24 hours.
Burniske is also weighing Solana (SOL). Called One of the reasons he is bullish on Ethereum (ETH) competitors is the project’s active ecosystem, including token airdrops.
“Community-driven airdrops within the Solana community will drive massive wealth and loyalty effects that will further wash away the ashes as the Phoenix rises.
This trend is gaining strength.”
At the time of writing, Solana is trading at $75.81, up 9.61% in the last 24 hours.
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