Chris Burniske, cofounder of Placeholder VC and former crypto lead at Ark Invest, is mapping out where he would consider stepping back into Bitcoin if the market keeps sliding, after earning fresh credit on X for calling major turning points this cycle. His framework lands in the mid-$80,000s down to the low-$50,000s, while a separate technical view from analyst Aksel Kibar points to a broader “base building” process with support clustered in the mid-$70,000s.
Price Levels Where To Buy BitcoinBurniske’s posture is deliberately non-committal on timing. “Importantly, I don’t care what happens,” he wrote, adding that if Bitcoin rallies he will “ride what I have and diversify,” while a deeper unwind would have him buying more Bitcoin and “select crypto assets.”
The thread also touched altcoins. Asked how he thinks about alts versus Bitcoin, Burniske said it’s “best imo to buy alts after you think btc is near bottom,” reinforcing that he’s treating BTC’s downside process as the key gating factor for broader risk-taking. On positioning, he said he is sitting “in treasuries, where yield > inflation,” and when asked about an upside level that would force him back in, he replied that he “wouldn’t chase,” preferring to hold existing exposure rather than re-risk at higher prices.
“We can always get another weak bounce, but I’ve taken action accordingly,” he wrote at the time. “I’ll likely get interested in the market again when I see BTC $75K or lower.”
Breakdown Or Bottoming Phase?
Kibar had previously framed “technical support” as being “lower between 73.7K and 76.5K,” suggesting that if Bitcoin is indeed in a basing phase, the market may need time and repeated tests of those lower bands before a more durable trend reasserts itself.
At press time, BTC traded at $87,812.
