Placeholder VC Partner: Bitcoin Could Fall Back to Mid-High Above $20,000 Area Before Heading to New All-Time Highs
On 27 January, Chris Burniske, former head of crypto at Ark Invest and now a partner at Placeholder VC, said that Bitcoin (BTC) has not yet hit a bottom, CoinDesk reported. He believes the price could fall to at least the $30,000 to $36,000 range, and wouldn't be surprised if it tests the mid-to-high $20,000s before finally heading to new all-time highs. "As always, patience is your friend," Burniske said. "The road to get there will be volatile, with false breakouts expected and it will take months to unfold."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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