Chainlink

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 A closely followed crypto trader believes that Bitcoin (BTC) and two altcoin projects are gearing up for massive rallies.
 Pseudonymous analyst Inmortal tells his 213,200 followers on the social media platform X that, based on the historical duration of market cycles, Bitcoin has much higher to go.
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 “We still have room for 500 more green days.”
 <figure style="width: 100%" class="wp-caption alignnone"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GM-AmFuWAAEW0ES?format=png&amp;name=4096x4096" alt="Image" width="2475" height="1243">
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 Source: Inmortal/X
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 Bitcoin is trading for $61,486 at time of writing, down 2.4% in the last 24 hours.
 Next up, the trader says that blockchain oracle Chainlink (LINK) appears to be in a consolidation phase that could lead to a massive breakout, based on historic price patterns.
 “The most curious thing about LINK is how it works. 
 <ul>
 <li>Long consolidations. </li>
 <li>Fast pumps. </li>
 </ul>
 We are not in the second one so we must be in the first one.”
 <figure style="width: 100%" class="wp-caption alignnone"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GM_ul5iXcAA7NwF?format=png&amp;name=medium" alt="Image" width="1200" height="603">
 <figcaption class="wp-caption-text">
 Source: Inmortal/X
 </figcaption>
 </figure>
 LINK is trading for $13.83 at time of writing, down nearly 3% in the last 24 hours.
 Lastly, the trader predicts that Ethereum (ETH) competitor Solana (SOL) will dip below the ascending trendline on the daily chart to the $120 range, forming a bearish trap, before going on a massive bull run beyond $230.
 “The fastest horse of the cycle just need one more trap.”
 <figure style="width: 100%" class="wp-caption alignnone"><img loading="lazy" decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GNAW1LLXAAA4oy3?format=jpg&amp;name=medium" alt="Image" width="1200" height="603">
 <figcaption class="wp-caption-text">
 Source: Inmortal/X
 </figcaption>
 </figure>
 Solana is trading for $141.51 at time of writing, down 6% in the last 24 hours.
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Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/trader-says-bitcoin-btc-chainlink-link-and-one-ethereum-rival-setting-up-for-rallies-tbt87928.html">https://thebittimes.com/trader-says-bitcoin-btc-chainlink-link-and-one-ethereum-rival-setting-up-for-rallies-tbt87928.html</a>

Trader Says Bitcoin (BTC), Chainlink (LINK) and One Ethereum Rival Setting Up for Rallies

TheBitTimes

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