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<a href="https://en.coin-turk.com/microstrategys-bitcoin-investments-yield-significant-gains/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> price has finally returned above $44,000, and whether it can sustain this level will determine the fate of altcoin rallies. Before this exciting comeback, we saw a drop to $40,000, influenced by strong employment data and Federal Reserve concerns. Now, amidst increasing optimism for ETF approvals, investors’ appetite for risk is growing.
<h2 style="text-align: justify" id="chainlink-link">Chainlink (LINK)</h2>
Profit-taking seems to be preventing BTC from maintaining its position above $44,000 for now, but altcoin investors remain hopeful. LINK Coin has shown an increase since hitting a low of $4.9 in June. The rise accelerated in September, and by the following month, the price had broken free from a long-term downtrend line. Two weeks ago, the price surpassed $17.3, reaching a 2023 peak after breaking through the 900-day resistance.
<img fetchpriority="high" decoding="async" class="wp-image-291725 aligncenter" src="https://coin-turk.com/wp-content/uploads/2023/12/LINK-Coin-Analist-Fiyat-Hedefi.png" alt="" width="1220" height="496">
After peaking, the price created a bearish engulfing candlestick last week for the first time since August. The RSI is still weak, but if BTC remains strong, a reversal of the downtrend is possible. The price is currently struggling to hold above $14.6.
<h2 style="text-align: justify" id="link-coin-price-target">LINK Coin Price Target</h2>
Elliott Wave Theory is widely used among cryptocurrency investors. The most likely count indicates a completed five-wave rise, suggesting a significant price correction is expected. However, the popular crypto analyst The CryptoBull seems confident that LINK Coin’s price will rise despite the weakening bullish trend.
<blockquote>
 “If you’re emotional about LINK’s price, place a sell order at $250, delete the related apps, enjoy life, come back in no more than 1-2 years, and collect your <a href="https://newslinker.co/category/finance/" data-wpel-link="exclude" rel="noopener noreferrer nofollow">money</a> once the order has been executed.”
</blockquote>
Another analyst, Steve, also shares the bullish outlook. The Grayscale <a href="https://en.coin-turk.com/this-altcoin-is-in-the-top-20-a-small-rally-could-push-its-price-to-8/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Chainlink</a> Trust is currently around $50, and he believes the spot price could reach this in the short term. While a $250 target is ambitious, even $50 would represent a significant increase. Considering many cryptocurrencies have increased in value by more than 20 times this year, this may not be impossible.
<img loading="lazy" loading="lazy" decoding="async" class="wp-image-291726 aligncenter" src="https://coin-turk.com/wp-content/uploads/2023/12/LINK-Coin-20-Aralik-Hedef.png" alt="" width="1222" height="496">
In any case, if the count is correct, LINK has begun an A-B-C corrective pattern and could technically fall to between $12.5 and $11.05 in the short term. Despite this bearish short-term price prediction for LINK, surpassing its annual high could make $20 a short-term peak. Continue Reading: <a href="https://en.coin-turk.com/bitcoins-comeback-and-link-coins-price-target-a-market-analysis/" data-wpel-link="internal" rel="noopener noreferrer nofollow">https://en.coin-turk.com/bitcoins-comeback-and-link-coins-price-target-a-market-analysis/</a>

Bitcoin’s Comeback and LINK Coin’s Price Target: A Market Analysis

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