A outstanding digital asset enterprise capitalist believes that the crypto markets might mirror a serious rally from current years.
Placeholder Capital founder Chris Burniske tells his followers on the social media platform X that the crypto markets might soar and immediately retrace as they did in 2019.
He says the crypto markets might dip in early 2024 by printing greater low costs within the cycle.
“If BTC and 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 (all-time highs) are around the corner, before enduring a final wipeout (Q1 2024?) and putting in firm higher lows.”
Burniske additionally says he stays bullish on Solana (SOL) after longing the Ethereum (ETH) competitor again in December 2022 when it was buying and selling for round $10.
He said on the time,
“Still longing SOL while haters spinelessly pile onto the downside momentum. When Solana recovers, it’s not me that will be haunted by the thought, ‘Instead of jeering, I could have been buying SOL ~$10.’”
He says that SOL in opposition to ETH (SOL/ETH) stays in an uptrend after hitting a key degree.
“0.02 SOL/ETH achieved: leaves no choice but to eye 0.03 ETH next.”
SOL/ETH is buying and selling for 0.02249 ETH ($40.56) at time of writing.
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