Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ALTCOIN NEWS»Crypto Trader Says Blue Chip Altcoins Could Fall 45%, Updates Bitcoin Outlook
ALTCOIN NEWS

Crypto Trader Says Blue Chip Altcoins Could Fall 45%, Updates Bitcoin Outlook

By Crypto FlexsJuly 7, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Crypto Trader Says Blue Chip Altcoins Could Fall 45%, Updates Bitcoin Outlook
Share
Facebook Twitter LinkedIn Pinterest Email

A prominent cryptocurrency analyst has issued a warning that one of the popular altcoins could be headed for a significant correction.

Cryptocurrency trader Ali Martinez told his 66,600 followers on social media platform X that decentralized oracle provider Chainlink (LINK) could see a massive price drop after failing to hold a key support level.

“LINK could potentially face a 45% price drop if it falls below $12.70!”

Source: Ali Martinez/X

According to the trader’s chart, LINK appears to be in danger of breaking out of a head and shoulders reversal pattern. In technical analysis, this pattern often indicates the beginning of a downtrend for an asset.

Trader charts seem to be predicting LINK will drop below $7.00. LINK is trading at $12.22 at the time of writing, down 1.55% over the last 24 hours.

Regarding Bitcoin (BTC), Martinez said that BTC could crash below $50,000 before bulls take advantage of the downtrend to take advantage.

“Bitcoin currently lacks significant support. The main key demand barrier is around $47,000, and BTC needs to close above $61,000 to resume the bull run.”

GIjBRxAXAAE-jGP
Source: Ali Martinez/X

The analyst then highlighted that cryptocurrency whales have unloaded tens of thousands of BTC in the past 30 days.

“Bitcoin whales sold over 30,000 BTC last month, worth about $1.8 billion!”

video
Source: Ali Martinez/X

He also noted that in the past week alone, 21,000 BTC worth $1.24 billion were transferred to cryptocurrency trading platforms, which could potentially be sold on the open market.

At the time of writing, the top cryptocurrency by market cap is trading at $56,235, down 1.16% over the last 24 hours.

Don’t miss out on the latest news – subscribe to receive email notifications straight to your inbox.

Price check task

Follow us XFacebook and Telegram

Surfing the Daily Hodl Mix

&nbsp

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.

Generated image: Midjourney

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

SEI tokens have soared more than 100% in June -the highest catalyst explained.

June 26, 2025

$ 438m XRP Transfer Sparks Panic- Ripple?

June 19, 2025

Solana Price Eyes 103% Rally $ 300: Here is the reason.

June 12, 2025
Add A Comment

Comments are closed.

Recent Posts

$70M Committed To Boba Network As Foundation Concludes BOBA Token Agreement With FTX Recovery Trust

July 1, 2025

Limitless Raise $4m Strategic Funding, Launch Points Ahead Of TGE

July 1, 2025

Take Advantage Of BJMining’s Passive Income Opportunities As The XRP Ecosystem Rises

July 1, 2025

Circle is looking for a US Trust Bank Charter for USDC Reserve Management.

July 1, 2025

Hyra Network Honored As “Technology Startup Of The Year” At The 2025 Globee® Awards

July 1, 2025

Shheikh.io Launches SHHEIKH Token Presale For Blockchain-Backed Real‑World Asset Investments

June 30, 2025

What should I do with encryption?

June 30, 2025

AAS Miner Will Become The Top Free Cloud Mining Platform For Passive Income From Mining Cryptocurrencies Such As BTC And ETH In 2025

June 30, 2025

Bitcoin is integrated into less than $ 108,000, but the eyes are set for $ 115,000.

June 29, 2025

Etherrium price behavior is weakened-danger of short-term modifications

June 29, 2025

Last Opportunity-The bonus stage of the light chain AI begins after closing all 15 pre-sales stages.

June 29, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

$70M Committed To Boba Network As Foundation Concludes BOBA Token Agreement With FTX Recovery Trust

July 1, 2025

Limitless Raise $4m Strategic Funding, Launch Points Ahead Of TGE

July 1, 2025

Take Advantage Of BJMining’s Passive Income Opportunities As The XRP Ecosystem Rises

July 1, 2025
Most Popular

Security Warning – (Previous security patch may cause incorrect state root in Go clients with specific transaction order – fixed. Please update.)

April 26, 2024

Cryptocurrency classes and coaching with cryptocurrency advisors

January 23, 2024

Paxos Expands to Stellar Network, Powering Global Stablecoin Adoption

October 16, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.