A followed crypto analyst is turning to altcoins and making new predictions as Bitcoin (BTC) rise slows.
Crypto trader Michaël van de Poppe, Chainlink He stated that (LINK) could reach $40 with a huge increase of 123% in the next few months.
“Chainlink has taken another step upwards towards significant resistance in the BTC pair.
Couldn’t break.
It is looking for a higher low and support and then a retracement back towards 4500 satoshis.
“I think LINK may rise to $30-40 in the coming months.”
As we reported as Koinfinans.com, LINK is trading at $17.80 at the time of writing this news.
With Bitcoin experiencing a slight decline of 1.6% in the last seven days, Van de Poppe hopes to benefit from a market-wide decline.
“I will try to buy the decline in the markets.
One of these, potentially, is API3, which is currently facing an exciting area to look at opportunities.
“I’m interested in $3.50-$3.80 before another rally occurs.”
A Chainlink competitor and oracle service API3is trading at $3.73 at the time of writing this news.
Despite BTC’s recent retreat, the analyst BitcoinHe expects the general trend to still be upward.
“Bitcoin will experience a slight pullback before continuing upwards.”
At the time of writing, BTC is trading at $50,945, down 1.1% on the day.
