The widely respected cryptocurrency analyst and trader believes that the top 20 altcoin projects are ready to take another step forward.
Michael van de Poppe says 692,300 followers on social media platform
“Chainlink is still stuck in a range, but a breakout to the upside is likely. why?
– Liquidity fell to $12.20.
– Several resistance tests.
– BTC pair bottoms.
– ETH is starting to wake up.
“I think we’ll see $25 to $30 in the next few months.”
Looking at his chart, LINK has made four tests of the key resistance level around $16.54 since November, suggesting that another attempt could soon turn that level into support.
Chainlink is trading at $15.57 at the time of this writing.
Next is the merchant predict Bitcoin (BTC) is set to retest higher levels ahead of the April halving event, when miners’ rewards will be halved. During the same period, he predicted that altcoins would surpass the cryptocurrency kings.
“Bitcoin has pushed liquidity past all-time highs and is likely to consolidate. Overall, a pre-halving of the new test at $48,000-$50,000 is likely, and altcoins will see tremendous performance during this period.”
Traders make long-term plans. eyesight As for Bitcoin, we predict that BTC could break out of its trading range in 2024 and then soar to all-time highs before 2025.
“(This) scenario still remains in Bitcoin.”
Looking at his charts, the trader suggested that Bitcoin could reach $68,000 in the first half of next year. He also suggested that Bitcoin could rise to $50,000 ahead of the halving and then fall to $39,129 before resuming its upward momentum.
Bitcoin is trading at $42,439 at the time of writing and is down more than 2% in the last 24 hours.
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