Michaël van de Poppe, who has a significant follower base in the cryptocurrency world and attracts attention with his analyses, made an ambitious prediction about the future of Chainlink (LINK), which is among the top 20 altcoins. Van de Poppe predicts that LINK may gain value in the coming period and increase its current price by approximately 90%.
Chainlink is a project known for its decentralized oracle network and aims to provide interaction between trustworthy and smart contracts in the blockchain world. Therefore, given LINK’s importance and influence in the cryptocurrency market, the analyst’s bullish prediction is gaining attention among investors. Van de Poppe said the following on the subject:
“Chainlink is still stuck in a range but will likely break upward. You ask why?
It provided liquidity with a drop to $12.20.
NEWS CONTINUES BELOW–He tested the resistance many times.
–BTC is at the bottom of the trading pair.
NEWS CONTINUES BELOW–ETH is starting to wake up.
HE“We will probably see 25-30 dollars in the coming months.”
Looking at the chart, LINK has tested the key resistance level around $16.54 four times since November. According to the analyst, this resistance level constitutes an important critical point and may turn into a support level with another attempt in the near future.
The altcoin is trading at $15.57 at press time.
In addition, as Bitcoin (BTC) approaches the halving event in April, Van de Poppe updated his price predictions. According to Van de Poppe, while Bitcoin is expected to test higher levels during this period, altcoins are also expected to perform positively, leaving the crypto king behind.
“Bitcoin has increased liquidity above the high and will likely enter consolidation. Overall, it looks likely to test the $48,000 to $50,000 levels before the halving, and altcoins will perform greatly during this time.”
The analyst lays out a longer-term outlook for Bitcoin, saying BTC could rally to its previous all-time high in 2025 after breaking out of the 2024 trading range. predicts.
“For Bitcoin [bu] The scenario is still valid.”
According to chart analysis, Van de Poppe predicts that Bitcoin may rise to $68,000 in the first half of next year. This prediction supports the idea that the halving event in April could be a significant catalyst to push Bitcoin’s price up. The analyst believes that the increase in the value of Bitcoin during this period can offer profitable opportunities to investors.
Additionally, in the short term, Van de Poppe suggests that Bitcoin’s price could rise as high as $50,000 before the halving and then drop to $39,129.
The leading cryptocurrency is trading at $42,166 at press time.
You can follow the current price movement here.