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<a href="https://en.coin-turk.com/investment-gurus-bold-prediction-for-bitcoin-in-2024/" data-wpel-link="internal">Bitcoin</a> price has finally returned above $44,000, and whether it can maintain this level will determine the fate of altcoin rallies. Before this exciting comeback, we saw a drop to $40,000 due to strong employment data and Federal Reserve concerns. Now, amidst increasing optimism for ETF approval, 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 staying 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 the price broke free from a long-term downtrend line the following month. Two weeks ago, the price exceeded $17.3, reaching the 2023 peak after surpassing the 900-day resistance. 
<img loading="lazy" loading="lazy" 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 candle 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 by cryptocurrency investors. The most likely count shows a five-wave rise, which LINK Coin has now completed. This means we are expecting a significant price correction. 
However, popular crypto analyst The CryptoBull seems confident that LINK Coin’s price will rise despite the weakening bullish outlook. 
<blockquote> 
 “If you’re emotional about LINK price, place a sell order at $250, delete the relevant apps, enjoy life, come back in at most 1-2 years and collect your <a href="https://newslinker.co/category/finance/" data-wpel-link="exclude">money</a> when your order is executed”. 
</blockquote> 
Another analyst, Steve, is also among those expecting a rise. Grayscale <a href="https://en.coin-turk.com/altcoin-link-coin-continues-to-attract-investors-as-bitcoin-volatility-persists/" data-wpel-link="internal">Chainlink</a> Trust is currently around $50, and he believes the spot price could catch up in the short term. While the $250 target is ambitious, even $50 would mean a massive increase. However, considering many cryptocurrencies have increased more than 20-fold this year, it 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 started an A-B-C corrective structure and could technically drop to between $12.5 and $11.05 in the short term. Despite this short-term bearish LINK price forecast, surpassing the annual high could make $20 a short-term peak. Continue Reading: <a href="https://en.coin-turk.com/bitcoin-price-rebounds-above-44000-altcoin-rallies-hang-in-the-balance/" data-wpel-link="internal">https://en.coin-turk.com/bitcoin-price-rebounds-above-44000-altcoin-rallies-hang-in-the-balance/</a>

Bitcoin Price Rebounds Above $44,000: Altcoin Rallies Hang in the Balance

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