A widely followed crypto analyst is taking a look at altcoins as Bitcoin (BTC) stumbles.
Crypto trader Michaël van de Poppe tells 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.
“Chainlink had another leg upwards in their BTC pair towards the crucial resistance.
Failed to break out.
It’s looking for a higher low & support and then a reversal towards 4500 satoshis again.
I think LINK is likely to run to $30-40 in the coming months.”
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 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.”
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.”
BTC is trading for $50,945 at time of writing, down 1.1% on the day.
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The post Crypto Trader Updates Outlook on Bitcoin and Altcoins, Says Chainlink Could Explode by 123% appeared first on The Daily Hodl.
