Bitcoin

Chainlink

<div class="dailyhodl">
 A widely followed crypto analyst is taking a look at altcoins as Bitcoin (BTC) stumbles.
 Crypto trader Michaël van de Poppe&nbsp;tells&nbsp;his 695,000 followers on the social media platform X that Chainlink (LINK) could potentially reach $40 in the next few months, a huge 123% increase.
 <div class="code-block code-block-055f5289fd7e731bb72be7c5a19d18ed code-block-1">  
 </div>
 “Chainlink had another leg upwards in their BTC pair towards the crucial resistance.
 Failed to break out.
 It’s looking for a higher low &amp; support and then a reversal towards 4500 satoshis again.
 I think LINK is likely to run to $30-40 in the coming months.”
 <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://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GHBcSF6XoAAbr-c?format=png&amp;name=4096x4096" alt="" width="1063" height="499">
 <figcaption id="caption-attachment-190710" class="wp-caption-text">
 Source: Michaël van de Poppe/X
 </figcaption>
 </figure>
 LINK is trading for $17.80 at time of writing.
 With Bitcoin down a slight 1.6% over the last seven days, Van de Poppe expects&nbsp;to be able to take advantage of a market-wide dip.
 “I’ll be looking to buy the dip on the markets.
 One of them is, potentially, API3 which is currently facing an exciting zone to look at opportunities.
 Between $3.50-3.80, I’m interested before another leg up happens.”
 <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://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GHBb18jWsAQkm9f?format=png&amp;name=4096x4096" alt="" width="1063" height="499">
 <figcaption id="caption-attachment-190710" class="wp-caption-text">
 Source: Michaël van de Poppe/X
 </figcaption>
 </figure>
 API3, a Chainlink competitor and oracle service, is worth $3.73 at time of writing.
 Despite BTC’s recent pullback, the analyst still expects Bitcoin’s overall trend to remain up.
 “Bitcoin having a slight pullback before continuation upwards.”
 <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 100%" class="wp-caption aligncenter"><img loading="lazy" decoding="async" class="wp-image-190710 size-full" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GHAna6IXMAA10b6?format=png&amp;name=4096x4096" alt="" width="1063" height="499">
 <figcaption id="caption-attachment-190710" class="wp-caption-text">
 Source: Michaël van de Poppe/X
 </figcaption>
 </figure>
 BTC is trading for $50,945 at time of writing, down 1.1% on the day.
</div>
Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/crypto-trader-updates-outlook-on-bitcoin-and-altcoins-says-chainlink-could-explode-by-123-tbt80675.html">https://thebittimes.com/crypto-trader-updates-outlook-on-bitcoin-and-altcoins-says-chainlink-could-explode-by-123-tbt80675.html</a>

Crypto Trader Updates Outlook on Bitcoin and Altcoins, Says Chainlink Could Explode by 123%

TheBitTimes

Other articles published on Feb 23, 2024

Why Is Alchemix (ALCX) Price Up?

Kraken Files To Dismiss SEC Case, Citing ”Dangerous Precedent” For Regulatory Overreach

Shiba Inu’s Price Predictions and Market Analysis

Analysts Emphasize Psychological Barrier for Ethereum At $3K

Shiba Inu Coin’s Soaring Price Projections by Analysts

Web Summit Qatar: The largest startups gathering in the Middle East is now sold out

Join our free newsletter for daily crypto updates!