Placeholder VC partner: Bitcoin may fall back to the mid-to-high area above $20,000 before heading towards a new all-time high

On January 27th, according to CoinDesk, former Ark Invest crypto head and current Placeholder VC partner Chris Burniske said that Bitcoin (BTC) has not yet reached its bottom. He believes that the price may drop to at least the range of $30,000 to $36,000, and he would not be surprised if it tests the mid-to-high range above $20,000 before ultimately reaching a new historical high.