A prominent digital asset venture capitalist is warning that Bitcoin (BTC<\/a>) could soon fall below a key support level.<\/p>\n Chris Burniske, the founder of Placeholder Capital, tells<\/a> his 269,900 followers on the social media platform X that if Bitcoin decides to take a breather, it will likely dip below $40,000.<\/p>\n \u201cIf we reset and go for full consolidation, then BTC breaking beneath $40,000 is a foregone conclusion; it\u2019s more what we do in the mid-to-low $30,000s that\u2019s an open question \u2013 and no, I won\u2019t \u2018trade\u2019 this, I\u2019m still just an accumulator if and when prices get tasty again.\u201d <\/em><\/p>\n Pseudonymous crypto analyst Inmortal is also suggesting<\/a> Bitcoin will dip below $40,000. He believes that if Bitcoin corrects, the crypto king will find support at the $37,700 level before bouncing.<\/p>\n \u201cI like $37,700.<\/em><\/p>\n Trendline + monthy open confluence.\u201d<\/em><\/p>\n Bitcoin is trading for $43,080 at time of writing, up 5.36% in the last 24 hours.<\/p>\n Burniske also weighs in on Solana (SOL<\/a>) and says<\/a> one reason he is bullish on the Ethereum (ETH<\/a>) competitor is because of the project\u2019s active ecosystem including token airdrops.<\/p>\n \u201cCommunity-focused airdrops within the Solana community will induce tremendous wealth and loyalty effects, further washing away the ashes as the phoenix rises. <\/em><\/p>\n This trend is only just gaining steam.\u201d <\/em><\/p>\n Solana is trading for $75.81 at time of writing, up 9.61% in the last 24 hours.<\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>
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