A widely followed crypto analyst is taking a look at altcoins as Bitcoin (BTC) stumbles.
Crypto trader Michaël van de Poppe tells his 695,000 followers on the social media platform X that Chainlink (LINK) could potentially reach $40 in the next few months, a huge 123% increase.
“Chainlink had another leg upwards in their BTC pair towards the crucial resistance.
Failed to break out.
It’s looking for a higher low & support and then a reversal towards 4500 satoshis again.
I think LINK is likely to run to $30-40 in the coming months.”
LINK is trading for $17.80 at time of writing.
With Bitcoin down a slight 1.6% over the last seven days, Van de Poppe expects to be able to take advantage of a market-wide dip.
“I’ll be looking to buy the dip on the markets.
One of them is, potentially, API3 which is currently facing an exciting zone to look at opportunities.
Between $3.50-3.80, I’m interested before another leg up happens.”
API3, a Chainlink competitor and oracle service, is worth $3.73 at time of writing.
Despite BTC’s recent pullback, the analyst still expects Bitcoin’s overall trend to remain up.
“Bitcoin having a slight pullback before continuation upwards.”
BTC is trading for $50,945 at time of writing, down 1.1% on the day.
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: DALLE3
Credit: Source link
