Popular Analyst Expects 164 Percent Rise In This Ethereum-Based Altcoin In 2023!

Bitcoin (BTC), which has dropped nearly 75% from its ATH of $69,000 in November 2021, continues to consolidate in a narrow price range lately.

Up to 90% losses were experienced in altcoins such as BTC. While investors want to close their losses as soon as possible, the news that will make investors happy is popular. cryptocurrency came from analyst Michaël van de Poppe.

The famous analyst in the YouTube video he published yesterday Ethereum (ETH) a based altcoinHe said that it will experience a great rise in 2023.

This altcoin’s decentralized oracle network Chainlink (LINK) Stating that he is on the move and taking action for the rise in 2023, Poppe stated that for LINK to experience a great rise, it urgently needs to break the $ 7.78 resistance.

“If Chainlink breaks this $7.78 resistance, this level will be the area where we will start to accelerate after the breakout.

So the $7.78 resistance is the very important resistance before $16 for Chainlink.”

Poppe on the one hand LINK’While maintaining his optimism that the coin will rise, he warned investors that a drop below $5 is also possible before LINK starts heading towards its $16 target.

“If LINK fails to hold the $6 support level, I expect it to be tested around $5. If we don’t really have a boost here, we’re back to $5.”

Traded at $5.99 at the time of writing, LINK moves towards Poppe’s goal and if it reaches it, chainlink This means an increase of over 164% for

Bitcoin (BTC) Commenting on it, Poppe said that the leading cryptocurrency seems ready for a rapid rise.

“Bitcoin still maintains the $16,750 levels, which we turned from resistance to support. If this level is maintained and there is no sharp drop to $16,400, I think we could see a rise towards $17,400.”

*Not investment advice.