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Home»ALTCOIN NEWS»The venture capitalist warns that if Bitcoin falls below a key support zone, it will be a ‘memory conclusion’ if this happens.
ALTCOIN NEWS

The venture capitalist warns that if Bitcoin falls below a key support zone, it will be a ‘memory conclusion’ if this happens.

By Crypto FlexsDecember 20, 20232 Mins Read
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The venture capitalist warns that if Bitcoin falls below a key support zone, it will be a ‘memory conclusion’ if this happens.
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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.”

Source: Immortal/X

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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Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and that you are responsible for any losses that may occur. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.

Image created by: Midjourney

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