Widely respected cryptocurrency trader and analyst Michaël van de Poppe outlines the potential development paths for Bitcoin (BTC) and Ethereum (ETH) while expressing optimism about the leading blockchain oracle. It is expressing.
Van de Poppe told his 722,000 followers on social media platform
“A similar price pattern has occurred in the past, with a 150% increase in the second half of the year.
I’m expecting the same.”
Chainlink is trading at 0.0002254 BTC ($14.34) at the time of this writing.
Next is Bitcoin. A widely-regarded analyst says Bitcoin will bottom around the $63,000-$65,000 level before potentially moving higher.
“A twist is just around the corner.”
At the time of this writing, Bitcoin is trading at $63,580.
Next is Ethereum. According to Van de Poppe, Ethereum is “showing some resilience” when paired with Bitcoin, despite the continued decline in the cryptocurrency market.
The widely respected analyst and trader said that as long as the ETH/BTC support level remains around 0.05 BTC, Ethereum will be “fine” and a bullish reversal is in the works.
As of this writing, Ethereum is trading at 0.0546 BTC ($3,469).
On the broader cryptocurrency market, Van de Poppe says:
“For the first time in years, I am very excited about the future of cryptocurrency. We are seeing many great technological advancements and breakthroughs during this cycle, which we expect will soon lead to mass adoption.
Pack your bags and wait.”
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