Arbitrum

Bitcoin

Optimism

Chainlink

<div class="dailyhodl">
 <p>A widely followed crypto trader believes Chainlink (LINK) is setting the stage for another move to the upside.</p>
 <p>In a new video strategy session, crypto analyst Michaël van de Poppe tells his 162,000 YouTube subscribers that LINK is showing strength against Bitcoin (LINK/BTC), indicating more upside potential for Chainlink’s USD pair.</p>
 <div class="code-block code-block-055f5289fd7e731bb72be7c5a19d18ed code-block-1">  
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 <p><em>“In 2019-2020, we can see that we had substantial breakouts taking place already before the [BTC] halving took place, because in this case, Chainlink ran from $1.60 to $5, just before the Bitcoin halving took place. Now we are running from $6 to $18, perhaps even towards $20, have a correction, and then another run towards the highs [around $35.34], which means that you need to see strength on Chainlink against Bitcoin.”</em></p>
 <figure id="attachment_268832" aria-describedby="caption-attachment-268832" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="wp-image-268832 size-full" src="https://cdn.thebittimes.com/images/2023/12/12/6fad14936719c46a17488b489a7039c8.webp" alt="" width="2769" height="1441" srcset="https://cdn.thebittimes.com/images/2023/12/12/6fad14936719c46a17488b489a7039c8.webp 2769w, https://cdn.thebittimes.com/images/2023/12/12/6fad14936719c46a17488b489a7039c8.webp?resize=300,https://cdn.thebittimes.com/images/2023/12/12/6fad14936719c46a17488b489a7039c8.webp 300w, https://cdn.thebittimes.com/images/2023/12/12/6fad14936719c46a17488b489a7039c8.webp?resize=768,https://cdn.thebittimes.com/images/2023/12/12/6fad14936719c46a17488b489a7039c8.webp 768w, https://cdn.thebittimes.com/images/2023/12/12/6fad14936719c46a17488b489a7039c8.webp?resize=1024,https://cdn.thebittimes.com/images/2023/12/12/6fad14936719c46a17488b489a7039c8.webp 1024w, https://cdn.thebittimes.com/images/2023/12/12/6fad14936719c46a17488b489a7039c8.webp?resize=https://cdn.thebittimes.com/images/2023/12/12/a7bc7fe7e2cdedb5464https://cdn.thebittimes.com/images/2023/12/12/a7bc7fe7e2cdedb54643927a7269ebc5.webp7a7269ebc5.webp6,https://cdn.thebittimes.com/images/2023/12/12/6fad14936719c46a17488b489a7039c8.webp https://cdn.thebittimes.com/images/2023/12/12/a7bc7fe7e2cdedb5464https://cdn.thebittimes.com/images/2023/12/12/a7bc7fe7e2cdedb54643927a7269ebc5.webp7a7269ebc5.webp6w, https://cdn.thebittimes.com/images/2023/12/12/6fad14936719c46a17488b489a7039c8.webp?resize=2048,https://cdn.thebittimes.com/images/2023/12/12/6fad14936719c46a17488b489a7039c8.webp 2048w, https://cdn.thebittimes.com/images/2023/12/12/6fad14936719c46a17488b489a7039c8.webp?resize=750,https://cdn.thebittimes.com/images/2023/12/12/6fad14936719c46a17488b489a7039c8.webp 750w, https://cdn.thebittimes.com/images/2023/12/12/6fad14936719c46a17488b489a7039c8.webp?resize=1140,https://cdn.thebittimes.com/images/2023/12/12/6fad14936719c46a17488b489a7039c8.webp 1140w" sizes="(max-width: 2769px) 100vw, 2769px">
  <figcaption id="caption-attachment-268832" class="wp-caption-text">
   Source: Michaël van de Poppe/YouTube
  </figcaption>
 </figure>
 <p>According to the trader, LINK is in the process of converting a key resistance level into support against Bitcoin and will likely see more rallies after the brief correction.</p>
 <p><em>“During the past few weeks, we have seen a pretty heavy run on Chainlink against Bitcoin… You can see that the trend has shifted on the Bitcoin pair and also in the previous cycle this has taken place…</em></p>
 <p><em>When the altcoin is going to find itself in a higher timeframe support, as we can see here with Chainlink against Bitcoin, that is a good moment to start allocating money back into the altcoin. </em></p>
 <p><em>In this case, we are having the retest and we are looking for new highs to take place and we are having higher lows and higher highs.”</em></p>
 <figure id="attachment_268833" aria-describedby="caption-attachment-268833" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="wp-image-268833 size-full" src="https://cdn.thebittimes.com/images/2023/12/12/36ab4d54c38e2acd2629c5ba681357c1.webp" alt="" width="2761" height="1449" srcset="https://cdn.thebittimes.com/images/2023/12/12/36ab4d54c38e2acd2629c5ba681357c1.webp 2761w, https://cdn.thebittimes.com/images/2023/12/12/36ab4d54c38e2acd2629c5ba681357c1.webp?resize=300,https://cdn.thebittimes.com/images/2023/12/12/36ab4d54c38e2acd2629c5ba681357c1.webp 300w, https://cdn.thebittimes.com/images/2023/12/12/36ab4d54c38e2acd2629c5ba681357c1.webp?resize=768,https://cdn.thebittimes.com/images/2023/12/12/36ab4d54c38e2acd2629c5ba681357c1.webp 768w, https://cdn.thebittimes.com/images/2023/12/12/36ab4d54c38e2acd2629c5ba681357c1.webp?resize=1024,https://cdn.thebittimes.com/images/2023/12/12/36ab4d54c38e2acd2629c5ba681357c1.webp 1024w, https://cdn.thebittimes.com/images/2023/12/12/36ab4d54c38e2acd2629c5ba681357c1.webp?resize=https://cdn.thebittimes.com/images/2023/12/12/a7bc7fe7e2cdedb5464https://cdn.thebittimes.com/images/2023/12/12/a7bc7fe7e2cdedb54643927a7269ebc5.webp7a7269ebc5.webp6,https://cdn.thebittimes.com/images/2023/12/12/36ab4d54c38e2acd2629c5ba681357c1.webp https://cdn.thebittimes.com/images/2023/12/12/a7bc7fe7e2cdedb5464https://cdn.thebittimes.com/images/2023/12/12/a7bc7fe7e2cdedb54643927a7269ebc5.webp7a7269ebc5.webp6w, https://cdn.thebittimes.com/images/2023/12/12/36ab4d54c38e2acd2629c5ba681357c1.webp?resize=2048,https://cdn.thebittimes.com/images/2023/12/12/36ab4d54c38e2acd2629c5ba681357c1.webp 2048w, https://cdn.thebittimes.com/images/2023/12/12/36ab4d54c38e2acd2629c5ba681357c1.webp?resize=750,https://cdn.thebittimes.com/images/2023/12/12/36ab4d54c38e2acd2629c5ba681357c1.webp 750w, https://cdn.thebittimes.com/images/2023/12/12/36ab4d54c38e2acd2629c5ba681357c1.webp?resize=1140,https://cdn.thebittimes.com/images/2023/12/12/36ab4d54c38e2acd2629c5ba681357c1.webp 1140w" sizes="(max-width: 2761px) 100vw, 2761px">
  <figcaption id="caption-attachment-268833" class="wp-caption-text">
   Source: Michaël van de Poppe/YouTube
  </figcaption>
 </figure>
 <p>LINK/BTC is trading for 0.000358 BTC ($14.64) at time of writing.</p>
 <p>Next, the trader says that layer-2 blockchain Arbitrum (ARB) is indicating a bullish trend reversal against Bitcoin (ARB/BTC).</p>
 <p><em>“Arbitrum, this is making a massive bullish divergence and the indication is that we can start reversing the trend from here.”</em></p>
 <figure id="attachment_268834" aria-describedby="caption-attachment-268834" style="width: 100%" class="wp-caption aligncenter"><img loading="lazy" decoding="async" class="wp-image-268834 size-full" src="https://cdn.thebittimes.com/images/2023/12/12/a7bc7fe7e2cdedb5464https://cdn.thebittimes.com/images/2023/12/12/a7bc7fe7e2cdedb54643927a7269ebc5.webp7a7269ebc5.webp" alt="" width="2818" height="1440" srcset="https://cdn.thebittimes.com/images/2023/12/12/a7bc7fe7e2cdedb5464https://cdn.thebittimes.com/images/2023/12/12/a7bc7fe7e2cdedb54643927a7269ebc5.webp7a7269ebc5.webp 2818w, https://cdn.thebittimes.com/images/2023/12/12/a7bc7fe7e2cdedb5464https://cdn.thebittimes.com/images/2023/12/12/a7bc7fe7e2cdedb54643927a7269ebc5.webp7a7269ebc5.webp?resize=300,https://cdn.thebittimes.com/images/2023/12/12/a7bc7fe7e2cdedb5464https://cdn.thebittimes.com/images/2023/12/12/a7bc7fe7e2cdedb54643927a7269ebc5.webp7a7269ebc5.webp 300w, https://cdn.thebittimes.com/images/2023/12/12/a7bc7fe7e2cdedb5464https://cdn.thebittimes.com/images/2023/12/12/a7bc7fe7e2cdedb54643927a7269ebc5.webp7a7269ebc5.webp?resize=768,https://cdn.thebittimes.com/images/2023/12/12/a7bc7fe7e2cdedb54643927a7269ebc5.webp 768w, https://cdn.thebittimes.com/images/2023/12/12/a7bc7fe7e2cdedb5464https://cdn.thebittimes.com/images/2023/12/12/a7bc7fe7e2cdedb54643927a7269ebc5.webp7a7269ebc5.webp?resize=1024,https://cdn.thebittimes.com/images/2023/12/12/a7bc7fe7e2cdedb54643927a7269ebc5.webp 1024w, https://cdn.thebittimes.com/images/2023/12/12/a7bc7fe7e2cdedb5464https://cdn.thebittimes.com/images/2023/12/12/a7bc7fe7e2cdedb54643927a7269ebc5.webp7a7269ebc5.webp?resize=https://cdn.thebittimes.com/images/2023/12/12/a7bc7fe7e2cdedb5464https://cdn.thebittimes.com/images/2023/12/12/a7bc7fe7e2cdedb54643927a7269ebc5.webp7a7269ebc5.webp6,https://cdn.thebittimes.com/images/2023/12/12/a7bc7fe7e2cdedb54643927a7269ebc5.webp https://cdn.thebittimes.com/images/2023/12/12/a7bc7fe7e2cdedb5464https://cdn.thebittimes.com/images/2023/12/12/a7bc7fe7e2cdedb54643927a7269ebc5.webp7a7269ebc5.webp6w, https://cdn.thebittimes.com/images/2023/12/12/a7bc7fe7e2cdedb5464https://cdn.thebittimes.com/images/2023/12/12/a7bc7fe7e2cdedb54643927a7269ebc5.webp7a7269ebc5.webp?resize=2048,https://cdn.thebittimes.com/images/2023/12/12/a7bc7fe7e2cdedb54643927a7269ebc5.webp 2048w, https://cdn.thebittimes.com/images/2023/12/12/a7bc7fe7e2cdedb5464https://cdn.thebittimes.com/images/2023/12/12/a7bc7fe7e2cdedb54643927a7269ebc5.webp7a7269ebc5.webp?resize=750,https://cdn.thebittimes.com/images/2023/12/12/a7bc7fe7e2cdedb54643927a7269ebc5.webp 750w, https://cdn.thebittimes.com/images/2023/12/12/a7bc7fe7e2cdedb5464https://cdn.thebittimes.com/images/2023/12/12/a7bc7fe7e2cdedb54643927a7269ebc5.webp7a7269ebc5.webp?resize=1140,https://cdn.thebittimes.com/images/2023/12/12/a7bc7fe7e2cdedb54643927a7269ebc5.webp 1140w" sizes="(max-width: 2818px) 100vw, 2818px">
  <figcaption id="caption-attachment-268834" class="wp-caption-text">
   Source: Michaël van de Poppe/YouTube
  </figcaption>
 </figure>
 <p>ARB/BTC is trading for 0.0000265 BTC ($1.09) at time of writing.</p>
 <p>He also says that Optimism (OP) likely gearing up for another leg up against Bitcoin (OP/BTC).</p>
 <p><em>“[Optimism] is just having a consolidation after the big bounce upwards, another bullish divergence, and most likely finalizing its entire period of accumulation here and starting a new uptrend.”</em></p>
 <figure id="attachment_268835" aria-describedby="caption-attachment-268835" style="width: 100%" class="wp-caption aligncenter"><img loading="lazy" decoding="async" class="wp-image-268835 size-full" src="https://cdn.thebittimes.com/images/2023/12/12/1737cb5dbf90c05050edc5901054b482.webp" alt="" width="2768" height="1442" srcset="https://cdn.thebittimes.com/images/2023/12/12/1737cb5dbf90c05050edc5901054b482.webp 2768w, https://cdn.thebittimes.com/images/2023/12/12/1737cb5dbf90c05050edc5901054b482.webp?resize=300,https://cdn.thebittimes.com/images/2023/12/12/6fad14936719c46a17488b489a7039c8.webp 300w, https://cdn.thebittimes.com/images/2023/12/12/1737cb5dbf90c05050edc5901054b482.webp?resize=768,https://cdn.thebittimes.com/images/2023/12/12/6fad14936719c46a17488b489a7039c8.webp 768w, https://cdn.thebittimes.com/images/2023/12/12/1737cb5dbf90c05050edc5901054b482.webp?resize=1024,https://cdn.thebittimes.com/images/2023/12/12/6fad14936719c46a17488b489a7039c8.webp 1024w, https://cdn.thebittimes.com/images/2023/12/12/1737cb5dbf90c05050edc5901054b482.webp?resize=https://cdn.thebittimes.com/images/2023/12/12/a7bc7fe7e2cdedb5464https://cdn.thebittimes.com/images/2023/12/12/a7bc7fe7e2cdedb54643927a7269ebc5.webp7a7269ebc5.webp6,https://cdn.thebittimes.com/images/2023/12/12/1737cb5dbf90c05050edc5901054b482.webp https://cdn.thebittimes.com/images/2023/12/12/a7bc7fe7e2cdedb5464https://cdn.thebittimes.com/images/2023/12/12/a7bc7fe7e2cdedb54643927a7269ebc5.webp7a7269ebc5.webp6w, https://cdn.thebittimes.com/images/2023/12/12/1737cb5dbf90c05050edc5901054b482.webp?resize=2048,https://cdn.thebittimes.com/images/2023/12/12/1737cb5dbf90c05050edc5901054b482.webp 2048w, https://cdn.thebittimes.com/images/2023/12/12/1737cb5dbf90c05050edc5901054b482.webp?resize=750,https://cdn.thebittimes.com/images/2023/12/12/1737cb5dbf90c05050edc5901054b482.webp 750w, https://cdn.thebittimes.com/images/2023/12/12/1737cb5dbf90c05050edc5901054b482.webp?resize=1140,https://cdn.thebittimes.com/images/2023/12/12/1737cb5dbf90c05050edc5901054b482.webp 1140w" sizes="(max-width: 2768px) 100vw, 2768px">
  <figcaption id="caption-attachment-268835" class="wp-caption-text">
   Source: Michaël van de Poppe/YouTube
  </figcaption>
 </figure>
 <p>OP/BTC is trading for 0.0000550 BTC ($2.26) at time of writing.</p>
 <div class="video-container"><iframe loading="lazy" title="YouTube video player" src="https://www.youtube.com/embed/CIICAGSThQE" width="560" height="315" frameborder="0" allowfullscreen></iframe>
 </div>
 <p><span style="color: #ffffff;">I </span></p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/chainlink-gearing-up-for-more-rallies-as-link-shows-more-strength-against-bitcoin-btc-micha-l-van-de-poppe-tbt73411.html">https://thebittimes.com/chainlink-gearing-up-for-more-rallies-as-link-shows-more-strength-against-bitcoin-btc-micha-l-van-de-poppe-tbt73411.html</a></p>

Chainlink Gearing Up for More Rallies As LINK Shows More Strength Against Bitcoin (BTC): Michaël van de Poppe

TheBitTimes

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