Former Bitmex Chief and ex-Ark Invest analyst Chris Burniske has predicted a significant drop in Bitcoin's value, expecting it to bottom out between $30,000 and $35,000. Burniske also speculated that the cryptocurrency might test the $20,000 level before surpassing its all-time high (ATH). These predictions come amid a backdrop of a potential crash in Bitcoin's price, with Burniske stating 'Bitcoin Will Crash—and Hard', which some attribute to the recent slide post-Exchange Traded Fund (ETF) developments.
The Most Anticipated Crash Has Started 🚨🚨 Now, It's Time For $BTC To Go Parabolic 🚀🚀 #Bitcoin https://t.co/gNSBkRzLO7
Bitcoin could continue to slide post-ETF, to as low as $30,000, says @cburniske. https://t.co/IVAVkB0RRe
Bitcoin Will Crash—and Hard, Says This Crypto Bigwig ► https://t.co/bAwdov2Ces https://t.co/bAwdov2Ces
NEW: “#Bitcoin will fall to at least 💵 $30K-$36K before reaching a local bottom, and I wouldn't be surprised if we test $20K before it even moves up, i.e. before its ATH," says former Ark Invest analyst Chris Burniske https://t.co/IGHztnoybt
Former #Bitmex Chief Expects #Bitcoin to Bottom Out Between $30,000 and $35,000 https://t.co/mBsGwxyPC3