Chris Burniske, a partner at Placeholder, wrote on social media, "If we fall to this level, the next support level to watch is $70,000, where there is a lot of support, at the high point of the 2021 cycle and the high point of the range from March to October 2024." People inevitably get greedy and predict that prices will fall lower than they actually are, so I prefer to enter in batches at reasonable entry points. "