Michaël van de Poppe Predicts Chainlink (LINK) Will Skyrocket 150% This Year, Outlines Path for Bitcoin (BTC) and Ethereum (ETH)

The widely followed cryptocurrency trader and analyst Michaël van de Poppe is expressing bullish sentiment on a leading blockchain oracle while outlining the potential path forward for Bitcoin (BTC) and Ethereum (ETH).

Cryptocurrency trader and analyst Michaël van de Poppe is bullish on Chainlink (LINK), predicting a potential rally based on a price pattern.

According to van de Poppe, LINK’s price action against Bitcoin (BTC) is currently displaying a formation that preceded a massive rally in previous years.

“Chainlink (LINK) price action is setting up nicely.

A similar price pattern occurred in previous years, resulting in a 150% rally in the year’s second half.

I’m expecting the same.”

Chainlink is notably countering the broader market trend by posting gains. The crypto is up over 6% in the last 24 hours and nearly 20% in the past week.

At the time of writing, LINK is trading at 0.0002254 BTC ($14.34).

Next, the analyst is highlighting BTC, which he believes will bottom out at around the $63,000 – $65,000 level before reversing upwards.

“Bitcoin (BTC) key level holding nicely.

The lower time frames are showing a bullish divergence as well now, indicating that the bottom might be in around the $63,000 – $65,000 zone.

The reversal is on the horizon.”

Bitcoin is trading at $63,580 at the time of writing.

Finally, van de Poppe is checking in on ETH, which he says is “showing some resilience” against BTC despite the crypto markets continuing their downward fall.

According to the analyst and trader, as long as the ETH/BTC support level at around 0.05 BTC holds, Ethereum (ETH) will be “fine” and on course for a bullish reversal.

“Ethereum (ETH) is showing some resilience against Bitcoin (BTC) despite the markets continuing their downward fall.

If this support level continues to hold, ETH will be fine and ready for a bullish reversal.

Resistance turns into support.”

Ethereum is trading at 0.0546 BTC ($3,469) at the time of writing.

Concluding his analysis on a positive note, van de Poppe expresses excitement about the future of crypto.

“For the first time in many years, I’m very excited about the future of crypto.

Many great technological advancements and breakthroughs are popping up for this cycle, through which I expect to see big mass adoption start occurring soon as well.

Pack your bags and just wait.”

News source：https://www.kdj.com/cryptocurrencies-news/articles/micha-van-de-poppe-predicts-chainlink-link-skyrocket-outlines-path-bitcoin-btc-ethereum-eth.html

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