A distinguished digital asset enterprise capitalist believes that the crypto markets could 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 could soar and out of the blue retrace as they did in 2019.
He says the crypto markets could dip in early 2024 by printing larger low costs within the cycle.
“If BTC and ETH rip right here, after which every thing else follows, we may very well be in for a mid-2019 repeat – going simply excessive sufficient to get folks to imagine that perhaps, simply perhaps, new ATHs (all-time highs) are across the nook, earlier than enduring a ultimate wipeout (Q1 2024?) and placing in agency larger 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 mentioned on the time,
“Nonetheless longing SOL whereas haters spinelessly pile onto the draw back momentum. When Solana recovers, it’s not me that will probably be haunted by the thought, ‘As a substitute of jeering, I might have been shopping for SOL ~$10.’”
He says that SOL towards ETH (SOL/ETH) stays in an uptrend after hitting a key degree.
“0.02 SOL/ETH achieved: leaves no alternative however to eye 0.03 ETH subsequent.”
SOL/ETH is buying and selling for 0.02249 ETH ($40.56) at time of writing.
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