COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: Investor Chris Burniske Predicts Further Decline for Bitcoin and Altcoins
Share
Languages
  • TürkçeTürkçe
  • EspañolEspañol
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Cryptocurrency News > Investor Chris Burniske Predicts Further Decline for Bitcoin and Altcoins
Cryptocurrency News

Investor Chris Burniske Predicts Further Decline for Bitcoin and Altcoins

In Brief

  • Chris Burniske expects Bitcoin to fall to at least $30,000.

  • Altcoins may face heavier losses in the downturn, he suggests.

  • Market cooling signals are emerging, according to Burniske.

COINTURK NEWS
COINTURK NEWS 1 year ago
Share
SHARE

Venture capitalist Chris Burniske, who previously predicted the 2022 cryptocurrency market crash, expects Bitcoin (BTC) to fall further in the short to medium term. Burniske particularly emphasized that altcoins will suffer much heavier losses in this decline.

Contents
Burniske Expects Bitcoin to Retract to $30,000Market Shows Signs of Cooling

Burniske Expects Bitcoin to Retract to $30,000

Chris Burniske, a partner at venture capital firm Placeholder, stated on his personal account on social media platform X that BTC could drop to a level between $30,000 and $30,600 before bottoming out. According to the venture capitalist, Bitcoin could even fall below $30,000, and such a move could cause altcoins to drop much more sharply:

Before everything is said and done, we may move from the mid-$20,000s to the last peak level, and I wouldn’t be surprised if we make a real move towards the previous all-time highs. The road there will be bumpy, and I expect fake rallies. Most importantly, this could take months to play out.

As always, patience will be your friend. If I’m right, altcoins will fall more in percentage terms than BTC.

Market Shows Signs of Cooling

Furthermore, Burniske discussed the reasons supporting his prediction of a decline for Bitcoin and parallel altcoins. The venture capitalist underlined that we are in the first phase of the bull cycle and that the majority of the first parabola has occurred, indicating that the market is showing signs of cooling:

We’ve seen the majority of the cycle’s first parabola, and now we can’t ignore that this parabola is starting to break down. The macro looks unstable on many levels. New product innovations are near, but not quite there yet. The process is still happening in a closed manner. I never said I significantly reduced the risk, I’m just counting my bullets and sharpening my knife for when the moment comes.

The largest cryptocurrency, Bitcoin, was trading around $41,750, up 2.19% in the last 24 hours at the time this article was prepared.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

You Might Also Like

Trump’s Bold Accusations Shake Financial Markets

Trump’s Crypto Dinner Sparks Investigation Demands from Congress

FTX Begins Massive Payout to Creditors Surpassing $5 Billion

SEC Spurs RexShares to Innovate Staking ETFs

Trump Ignites the Crypto Market Drama Again

COINTURK NEWS 27 January, 2024 - 5:06 pm 27 January, 2024 - 5:06 pm
Share This Article
Facebook Twitter
Share
Previous Article Why Analysts Predict DeeStream (DST) Will Be The Best Investment Of 2024 Over Bitcoin Cash (BCH) and Algorand (ALGO)
Next Article Meme Moguls (MGLS) Dominates as Investors Ditch Arbitrum (ARB) and OKB (OKB)
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

8.1k Like
21.1k Follow
1.1k Follow

Latest News

US Takes Major Step to Clarify Crypto Regulations with New Legislation
Cryptocurrency Law
Warren Buffett’s Bold Moves with Berkshire’s Portfolio Will Surprise You
Economy
Sharplink Gaming Boosts Crypto Holdings with Massive Ethereum Acquisition
Altcoin News
Trump’s Bold Accusations Shake Financial Markets
Cryptocurrency News
//

COINTURK was launched in March 2014 by a group of technology enthusiasts who believe that Bitcoin will be as important as the internet in the world of the future thanks to the amazing technology underlying it.

CRYPTOCURRENCY LIVE PRICES

  • Bitcoin (BTC) Live Price
  • Ethereum (ETH) Live Price
  • Ripple (XRP) Live Price
  • Solana (SOL) Live Price
  • Dogecoin (DOGE) Live Price
  • Cardano (ADA) Live Price
  • Chainlink (LINK) Live Price

OUR PARTNERS

  • COINMARKETCAP
  • COINGECKO
  • BITCOINHABER
  • BH NEWS
  • 21MILYON
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?