Bitcoin BTC/USD is up 5.8% week-over-week on lukewarm bullish momentum, but former ARK Invest cryptocurrency lead Chris Burniske predicts more downside to come.
What Happened: Burniske shared his prediction on X (formerly Twitter), saying: “Down to consolidation still looks like the most likely path to me.”
In doing so, Burniske doubled down on his previous prediction of “mid $20Ks,” though he did not share a price target in his latest post.
Observers expressed curiosity as to what led Burniske to arrive at this bearish outlook despite a broadly positive macroeconomic backdrop.
Rob Paone jokingly suggested “Recommend no more news like these, for the sake of the people, our…
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