Crypto analyst Michaël van de Poppe states that one of the top 15 crypto assets could soon rise against Bitcoin (BTC). Van de Poppe on X, decentralized oracle provider Chainlink Claims that (LINK) could rise more than 167% against Bitcoin (LINK/BTC) did.
Chainlink has held a crucial support level on the BTC pair and will likely continue from there. “If this breaks, a significant break above 0.00045 BTC looks in order, with a run to 0.0008-0.001 BTC.”
NEWS CONTINUES BELOW
Looking at its chart, the trader suggests that LINK/BTC is on the verge of a trend reversal and is about to break through a key resistance level at 0.0004480 BTC ($18.63).
LINK/BTC is trading at 0.0003741 BTC ($15.59) at press time.
The analyst also believes that Bitcoin is in the early stages of a bull market cycle and it would not be surprising to see a correction to the $36,000 level.
Bitcoin is not in a bear market. Rather, it is at the beginning of a new bull cycle. However, since it is at the beginning of a new bull cycle, there will be intense debates between the two groups…
Perhaps we have already reached that level for Bitcoin, but it seems likely that we will test lower levels before turning up again. My personal interest is $36,000-$40,000 to accumulate more in Bitcoin. This range remains defined.
Koinfinans.com As we reported, Bitcoin is trading at $41,636, with a slight increase in the last 24 hours.