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Reading: Expert Says “Bitcoin May Have Hit the Bottom” Pointed to This Altcoin as a High Potential Coin
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EdaFace Newsfeed > Latest News > Crypto News > Expert Says “Bitcoin May Have Hit the Bottom” Pointed to This Altcoin as a High Potential Coin
Crypto News

Expert Says “Bitcoin May Have Hit the Bottom” Pointed to This Altcoin as a High Potential Coin

vitalclick
Last updated: December 30, 2024 3:26 pm
5 months ago
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Chris Burniske stated that with market corrections, many entry opportunities have emerged for investors with long-term beliefs. Burniske, a well-known venture capitalist, Bitcoin $93,746.2He stated that bottoms are possible in this bull market. Emphasizing that quality alternative cryptocurrencies have lost significant value, Burniske stated that this situation offers a significant advantage for those running long-term strategies.

Bottom Levels May Have Been Seen in BitcoinQuality Alternatives and Solana’s Status

Bottom Levels May Have Been Seen in Bitcoin

Bitcoin has managed to remain in an important position in the market despite the recent fluctuations. Burniske noted that BTC is down about 15% from its recent highs. He said that this decline has turned into a balancing factor for the current state of the market. Burniske stated that Bitcoin may have reached its bottom in this bull market. “I expect BTC to become stronger in the long term with the current correction,” said Burniske, noting that the financing rates and general sentiment of the market also support this view.

Emphasizing that the liquidation wave in Bitcoin was effective in the recent fluctuations, Burniske stated that this situation could cause fear among investors. However, he pointed out that such declines present important buying opportunities for investors who think long-term.

Quality Alternatives and Solana’s Status

Burniske noted that quality alternative cryptocurrencies have made high lows over multiple key time frames. Stating that this situation attracted the attention of bull investors, Burniske said that the market offers a positive outlook in the long term under these conditions. Pointing out that financing rates and market sensitivity have entered a maturation process, he stated that this development plays a critical role in the forward direction of the market.

Burniske specifically touched on Solana’s performance, stating that this digital asset is a good alternative to Bitcoin and Ethereum. $3,417.5He stated that he was ready to show faster development. “Solana may be the faster horse among the three major cryptocurrencies,” said Burniske, pointing out that such potentials are of critical importance for investors in the dynamic structure of the market.

Burniske stated that a positive infrastructure is being formed in the cryptocurrency market by 2025. He stated that this period is very important for long-term investors to make strategic moves. He said that these opportunities following corrections could be recorded as critical turning points in market history.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.

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