Bitcoin

Chainlink

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 <p>An analyst who accurately predicted the crypto bottom in November of 2022 is expressing bullish sentiment on Chainlink (LINK) as it trades in a long-running range.</p>
 <p>Pseudonymous analyst DonAlt tells his 53,400 YouTube subscribers that Chainlink is one of the “best-looking altcoins” in regards to price action.</p>
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 <p><i>“I actually like this setup of LINK… I like whenever you have a range like this that gets tested so many times. Because if you get a range breakout, you get quite the move. So I like LINK. I think that if that breaks out, it could go to like $14 or whatever. As in like a 2x.”</i></p>
 <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://cdn.thebittimes.com/images/2023/10/06/6e59b6f9a490d82f31314ba709462a33.webp" alt="" width="1063" height="499">
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   Source: DonAlt/YouTube
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 <p>LINK is worth $7.72 at time of writing.</p>
 <p>DonAlt also says that a lot of Chainlink’s future price action is dependent on the price action of Bitcoin (BTC).</p>
 <p><i>“Now obviously if Bitcoin breaks down, it’s going to break down too.”</i></p>
 <p>On Bitcoin’s prospects going forward, DonAlt says there are two options.</p>
 <p><i>“Either it gets rejected where it is right now and then it comes out down. And this is likely or very possible. But if it goes towards $29,000 and closes at $29,000, I don’t think it will stop. Because that’s too much of a reclaim.”</i></p>
 <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://cdn.thebittimes.com/images/2023/10/06/5f2781dc530c5682264fb8172a596f16.webp" alt="" width="1063" height="499">
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   Source: DonAlt/YouTube
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 <p>BTC is trading at $27,672 at time of writing.</p>
 <div class="video-container"><iframe loading="lazy" title="YouTube video player" src="https://www.youtube.com/embed/tKZpgQkN1Ak?si=_eTodhiSjf9dSNI1" width="560" height="315" frameborder="0" allowfullscreen></iframe>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/trader-who-predicted-2022-crypto-bottom-says-chainlink-link-could-explode-2x-but-there-s-a-catch-tbt65360.html">https://thebittimes.com/trader-who-predicted-2022-crypto-bottom-says-chainlink-link-could-explode-2x-but-there-s-a-catch-tbt65360.html</a></p>

Trader Who Predicted 2022 Crypto Bottom Says Chainlink (LINK) Could Explode 2x – But There’s a Catch

TheBitTimes

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