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Placeholder partners carve out a Bitcoin "vacuum zone": below $50,000, the "Bitcoin is dead" narrative may resurface
Odaily
Jan 25, 2026
#Crypto Stocks
$BTC
Placeholder partner Chris Burniske posted on X, stating that he is currently not a buyer but believes the following Bitcoin price levels are worth watching:
1. Around $80,000: This was the low point in November 2025 and a local bottom for this current "bear market."
2. Around $74,000: This was the low point in April 2025, also known as the "tariff panic" low, slightly below Strategy's cost basis (approximately $76,000).
3. Around $70,000: The upper end of the $50,000–$70,000 range is roughly near the 2021 all-time high.
4. Around $58,000: This marks the 200-week simple moving average (SMA) and on-chain cost basis.
5. Around $50,000 or lower: This is a key psychological support level; falling below it would likely revive the "Bitcoin is dead" narrative.
Chris Burniske said that if the market rebounds from current levels, he will continue holding his existing assets and diversifying his portfolio; if the market declines, he plans to buy more Bitcoin and specific crypto assets.
#GoldandSilverHitNewHighs #TrumpWithdrawsEUTariffThreats #GateWeb3UpgradestoGateDEX #BitcoinWeakensVsGold