Bitcoin

Chainlink

<div class="dailyhodl">
 A widely followed crypto trader says Bitcoin (BTC) is on the verge of reaching new heights while plotting out Chainlink’s (LINK) final corrective moves.
 Crypto analyst Michaël van de Poppe&nbsp;tells&nbsp;his 668,000 followers on the social media platform X that BTC is ready to target new highs.
 <div class="code-block code-block-055f5289fd7e731bb72be7c5a19d18ed code-block-1">  
 </div>
 “Bitcoin is very much ready to reclaim $29,000-30,000 and target new highs.”
 BTC is worth $27,984 at time of writing, up 2.1% in the last 24 hours.
 A few days ago, Van de Poppe&nbsp;said&nbsp;that BTC was consolidating, which, according to the trader, should provide certain altcoins with momentum.
 “Altcoins had a substantial correction overnight, while Bitcoin is consolidating.&nbsp;
 The trendy coins from last weeks have seen a massive correction too.&nbsp;
 As long as Bitcoin consolidates, I’ll expect that those assets continue to show momentum.&nbsp;
 It takes a few days.”
 At the same time, Van de Poppe&nbsp;pointed out&nbsp;that LINK would likely face one last correction before a breakout that could last into next year.
 “The final correction for Chainlink before we’ll break out of this range.&nbsp;
 The markets are still heating up for a big breakout, and if cycles do take place, 2024 is going to be a big year for LINK.
 Expecting to see some retests around $7 to be bought, before $12-15.”
 <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="wp-image-190710 size-full" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/F7gRN_hWIAAGbvr?format=png&amp;name=large" alt="" width="1063" height="499">
 <figcaption id="caption-attachment-190710" class="wp-caption-text">
 Source: Michaël van de Poppe/X
 </figcaption>
 </figure>
 Taking another look at LINK yesterday, the trader&nbsp;said it was indeed undergoing a correction as predicted.
 “Pretty substantial reaction here from LINK.
 Didn’t reach my level yet, but it seems that this is the correction before a breakout upwards is the most likely occurrence.”
 <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="wp-image-190710 size-full" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/F7k3U4vXMAADCb0?format=png&amp;name=large" alt="" width="1063" height="499">
 <figcaption id="caption-attachment-190710" class="wp-caption-text">
 Source: Michaël van de Poppe/X
 </figcaption>
 </figure>
 LINK is worth $7.63 at time of writing, up 1.7% in the last 24 hours.
</div>
Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/crypto-analyst-says-bitcoin-btc-ready-to-target-new-highs-warns-of-chainlink-s-link-final-correction-tbt65301.html">https://thebittimes.com/crypto-analyst-says-bitcoin-btc-ready-to-target-new-highs-warns-of-chainlink-s-link-final-correction-tbt65301.html</a>

Crypto Analyst Says Bitcoin (BTC) Ready To Target New Highs, Warns of Chainlink’s (LINK) ‘Final Correction’

TheBitTimes

Other articles published on Oct 5, 2023

Exclusive Interview: Cryptocurrencies Are Here to Stay, Says Binance Regional Director

EU central banks and BIS are developing a data platform to monitor cryptocurrency and DeFi flows.

Day Two of SBF’s Trial: Witnesses Shed Light on Alleged Fraud

Worrying Cryptocurrency Report: $7 Billion Laundered with Crypto Assets

Cardano Price Prediction as ADA Becomes Top 10 Coin in the World – Can ADA Reach $100?

Bitmain S19K Pro Outshines XP: Luxor CPO Weighs In

Join our free newsletter for daily crypto updates!