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Home»ALTCOIN NEWS»Analyst Michaël van de Poppe Says Chainlink Has ‘Great Times Ahead’ – Here’s His Target
ALTCOIN NEWS

Analyst Michaël van de Poppe Says Chainlink Has ‘Great Times Ahead’ – Here’s His Target

By Crypto FlexsJuly 6, 20242 Mins Read
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Analyst Michaël van de Poppe Says Chainlink Has ‘Great Times Ahead’ – Here’s His Target
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One of the most prominent cryptocurrency analysts has become bullish on decentralized oracle network Chainlink (LINK) following its massive sell-off.

Cryptocurrency trader Michaël van de Poppe told his 722,800 followers on social media platform X that based on past patterns, Chainlink could enter an uptrend against Bitcoin (LINK/BTC) before the end of the year.

“LINK has seen the same pattern over and over again. The first six months were bearish, the second six months were bullish. We are in the second six-month period and are slowly moving up. There are good times ahead.”

Source: Michaël van de Poppe/X

The analyst also said that LINK is showing a bullish pattern against Bitcoin on the daily chart.

“LINK continues to show momentum as it continues to break out of its highs. It is more important to watch altcoins paired with Bitcoin than with USDT pairs, as the strength/weakness of the altcoin can be better defined through the BTC pair.”

video
Source: Michaël van de Poppe/X

At the time of writing, LINK is trading at 0.0002243 BTC ($13.11).

Finally, the analyst predicts that other altcoins will soon see a bullish reversal as well.

He suggests that OTHERS, which tracks the market cap of all cryptocurrencies excluding the top 10 digital assets and stablecoins, is forming a bullish double bottom pattern against Bitcoin (OTHERS/BTC) on the weekly chart.

“You might be wondering if another bull run for altcoins is coming. I think it is on the horizon… If you look at the OTHERS/BTC chart, you can see that there is a double bottom process and the lowest valuation for altcoins in 3 years compared to Bitcoin.”

video
Source: Michaël van de Poppe/X

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Disclaimer: The opinions expressed on The Daily Hodl are not investment advice. Investors should do their own due diligence before making any high-risk investment in Bitcoin, cryptocurrencies or digital assets. Your transfers and transactions are your responsibility and any losses you may incur are your responsibility. The Daily Hodl does not recommend buying or selling cryptocurrencies or digital assets and The Daily Hodl is not an investment advisor. The Daily Hodl participates in affiliate marketing.

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