Chris Burniske, analyst and former director of Ark Invest’s crypto department, stated that now is the time to buy Bitcoin (BTC) and cryptocurrencies.
Famous analyst Chris Burniske shared this on his Twitter account on October 4. in postcurrently the bottom levels have been reached and Bitcoin–cryptocurrency investment He stated that it was the right time to do it.
The analyst retweeted a user’s post in the cryptocurrency market. The level of fear is high and creating sales pressure that the “bears” are tired expressed. In his post, the user said to Burniski, “You were expecting a 20%-40% drop in the summer months. Do you consider the recent pullback a bearish one?” he asked the question.
at Burniske Bitcoin price exceeds 20 thousand dollars under Ethereum has 1,000 below the dollar It is possible to fall And many cryptocurrencies He said it could see new lows.
The former manager made the following statements:
Fear is high but price seller fatigue is looming. Bitcoin may fall below 20 thousand dollars, Ethereum may fall below a thousand dollars. Many cryptocurrencies, except Solana (SOL), may make new lows. But it turns out that the fourth quarter of 2023 and the first quarter of 2024 are a good time to be a buyer.
In summary, increasing sales fatigue in the cryptocurrency market right time to buy indicates that it is.
On the other hand, the analyst who commented on the chart in his other post said that looking at long-term charts The best and easiest way to determine the bottom range is told.