Famous Economist Announced Bitcoin’s Roadmap!

to cryptocurrencies and made a name for itself with its predictions for the market. Chris Burniske, former head of crypto at Ark Invest He evaluated the crypto market in his post on his Twitter account.

Having experienced sharp declines under the pressure of the bear market since November 2021 cryptocurrency Sharing his scenario about the units, Chris Burniske said that a rebound-recovery rally will start in the market sooner or later.

The famous analyst added that he did not expect the situation in the market to go as bad as it was in 2008.

To your followers crypto- Noting that the market needs a major move to price the pessimism among investors, Burniske said, according to various sentiment indicators, most crypto investors are still in fear.

According to Burniske, it is likely that the long-awaited bottom will be reached in the market and the market will enter a prolonged period of consolidation.

When the market calms down, investors will start to show interest again and the value of the market will rise with the price of cryptocurrencies.

“Things are probably not going as badly as they were in ‘2008, and I don’t expect it to go bad either.

But we need a big move to price the pessimism among investors in the market.

Investor despair over the market has bottomed out, and we also have solid grounds for investor optimism to rise again.”

Things probably don’t get as bad as the ’08 doooooooooomers say, but we likely need at least one more big flush to price in all pessimism, hit rock bottom of despair, and have firm ground upon which to build incremental optimism (ie, upside).

— Chris Burniske (@cburniske) September 6, 2022

It is trying to maintain the $20,000 support level overshadowed by rising inflation and rising interest rates. Bitcoin (BTC)at the time of writing CoinGecko According to data, it is trading at $19,915.