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Veteran crypto analyst Michaël van de Poppe predicted a bullish outlook for Chainlink (LINK) and predicted an imminent breakout for the asset if Bitcoin (BTC) holds above $25,700.
<h2 id="chainlink-link-is-preparing-for-ascension-according-to-experienced-analyst">Chainlink (LINK) is Preparing for Ascension, According to Experienced Analyst</h2>
The analyst cited data from a 12-hour LINK chart to present his claims.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Expecting to see <a href="https://twitter.com/hashtag/Chainlink?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Chainlink</a> to be creating a higher low.
 That higher low should be sufficient for a breakout above the range highs.
 Additional requirement; <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> to sustain above $25,700. <a href="https://t.co/pQ7p2M5z5B" rel="noopener noreferrer nofollow">pic.twitter.com/pQ7p2M5z5B</a>
 — Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1712801104704987442?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 13, 2023</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
The chart reveals a recovery candle from LINK after two consecutive 12-hour losing sessions.
Related News: <a href="https://en.bitcoinsistemi.com/blockchain-researcher-explained-this-altcoin-will-be-the-leader-of-the-logistics-industry/" target="_blank" rel="noopener noreferrer nofollow">Blockchain Researcher Explained! This Altcoin Will Be the Leader of the Logistics Industry!</a>
This recovery took the asset to $7.24. In the middle of the last candlestick, van de Poppe announced that he expects Chainlink to break higher. According to the analyst, the condition for this rise is for Bitcoin to move above $25700.
Van de Poppe's chart offers an initial resistance target of $7,785. Chainlink last saw this price on October 8, and it rose by 1.98% that day.
*This is not investment advice.
 Continue Reading: <a rel="noopener noreferrer nofollow" href="https://en.bitcoinsistemi.com/experienced-cryptocurrency-analyst-made-a-rise-prediction-for-this-altcoin/">Experienced Cryptocurrency Analyst Made a Rise Prediction for This Altcoin!</a>

Experienced Cryptocurrency Analyst Made a Rise Prediction for This Altcoin!

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