Chris Burniske, founder of Placeholder Capital, a leading digital asset entrepreneur. crypto- He believes markets could repeat the big rally of recent years. Burniske shared remarkable details by warning his followers on the social media platform
Burniske defended his thesis with the following words, arguing that crypto markets could see a bottom in early 2024, seeing higher and lower prices:
If BTC and ETH rise here and other cryptocurrencies follow, we could have a repeat of what happened in mid-2019. Maybe, just maybe, we can get high enough to make them believe new all-time highs are coming soon. But before enduring the next major correction move (Q1 2024?) and eyeing higher declines.
Burniske also believes Ethereum (ETH) rival Solana could rise again after aspiring to trade around $10 in December 2022.
“I still miss the LEFT as the haters spinelessly pile on the downward momentum. When Solana recovers, I’m not the one to fall into the mindset of ‘I could have bought SOL ~$10 instead of scoffing’.”
Koinfinans.com As we reported, Burniske suggests that after the SOL/ETH parity reaches a certain level, SOL will continue its upward trend and expresses it with the following words:
The 0.02 SOL/ETH level has been reached: the next target leaves no choice but to look at the 0.03 ETH level.
if $BTC & $ETH rip here, and then everything else follows, we could be in for a mid-2019 repeat — going just high enough to get people to believe that maybe, just maybe, new ATHs are around the corner, before enduring a final wipeout (Q1 ‘ 24?) and putting in firm higher lows.
— Chris Burniske (@cburniske) November 2, 2023