Crypto analyst and trader Michaël van de Poppe is bullish on decentralized oracle provider Chainlink (LINK).
From de Poppe says X social media platform’s 685,200 followers believe LINK could soar more than 90% above its current value.
“LINK appears ready to continue after sweeping the lows. As long as we stay above $13.50-$14.25, things are likely to continue towards $25-$30.”
Looking at his chart, the trader suggested that in the short term, LINK could soon cross the $16 level, fall below $15, and then bounce back above the $18 level.
LINK is trading at $15.72 at the time of this writing, up nearly 3% in the last 24 hours.
Next is the merchant Believe Ethereum (ETH) may have entered an upward trend against Bitcoin (ETH/BTC).
“A strong rebound in Ethereum could lead to an upward trend. A break above 0.06 BTC is needed for the trend to continue, but the difference in weekly strength suggests that there will be significant strength ahead in the coming months.”
ETH/BTC is trading at 0.05924 BTC ($2,530) at the time of writing this.
The merchant also updated his information. eyesight On Bitcoin, a week after the launch of a spot BTC exchange-traded fund (ETF).
“Bitcoin is eager to consolidate within this range and the ETF hype is slowly fading away. The launch of ETFs has been one of the best performing launches in terms of net inflows and trading volume in the coming years. Potential resistance is $46,000 and support is $39,000-$41,000.”
Looking at his charts, the trader suggested that Bitcoin could soon rebound above $45,000 and then retest the $39,000 level around March and April before moving upwards above the $42,000 level around May.
Bitcoin is trading at $42,648 at the time of writing and has fallen slightly over the past 24 hours.
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