Placeholder Partner Outlines Bitcoin "Vacuum Zone": Below $50,000 Could Revive "BTC is Dead" Narrative

Odaily News Placeholder partner Chris Burniske posted on the X platform, stating that he is not a buyer at the moment, but believes the key Bitcoin price levels worth watching include:

1. Around $80,000: This is the low point from November 2025, a local low in this current "bear market".

2. Around $74,000: This is the low point from April 2025, also the "tariff panic" low, slightly below Strategy's cost basis (around $76,000).

3. Around $70,000: The top of the $50,000-$70,000 range roughly aligns with the 2021 high.

4. Around $58,000: This is the 200-week Simple Moving Average (SMA) and the on-chain cost basis.

5. Around $50,000 and below: This is a bottom psychological price level; falling below this could revive the "BTC is dead" narrative.

Chris Burniske stated that if the market rebounds from the current position, he will continue holding existing assets and diversify his portfolio; if the market declines, he will buy more Bitcoin and specific crypto assets.