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Analyst Michaël van de Poppe Bullish on Chainlink (LINK) : Predicts 90% Upside

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  • Cryptocurrency analyst Michaël van de Poppe forecasts a 90% increase in Chainlink (LINK) and anticipates a pre-halving surge in Bitcoin (BTC).
  • Van de Poppe identifies multiple factors, including Chainlink’s resistance tests and Bitcoin’s pre-halving dynamics, to support his predictions.

In the evolving landscape of cryptocurrency, Michaël van de Poppe, a prominent crypto analyst and trader, has shared a bullish outlook for both Chainlink (LINK) and Bitcoin (BTC). With a following of over 692,300 on social media, his insights carry substantial weight in the crypto community.

Chainlink’s Potential Breakthrough

Van de Poppe’s analysis suggests that Chainlink, currently a top 20 Ethereum-based altcoin, is poised for a significant surge. He believes LINK could see an approximate 90% increase from its present value, citing several key factors:

  • The recent dip to $12.20, which has potentially gathered liquidity.
  • Chainlink’s repeated testing of resistance levels.
  • The bottoming out of Chainlink’s BTC pair.
  • Ethereum (ETH) showing signs of activity.

Given these elements, van de Poppe predicts a climb to the $25-$30 range in the coming months. This forecast is supported by LINK’s consistent testing of the $16.54 resistance since November, indicating a potential flip of this level into support.

Bitcoin’s Path Ahead of Halving

Turning his attention to Bitcoin, van de Poppe anticipates a retest of higher levels before the halving event in April 2024, a pivotal moment when miners’ rewards are halved. He foresees a bullish phase for altcoins during this period, outperforming Bitcoin. Specifically, he predicts a potential rally for Bitcoin to the $48,000-$50,000 range pre-halving.

Long-Term Outlook for Bitcoin

Looking further ahead, van de Poppe’s long-term outlook for Bitcoin remains optimistic. He suggests that BTC might reach $68,000 in the first half of 2025, following a breakout from its 2024 trading range. His projections include a rally to $50,000 ahead of the halving, followed by a temporary decline to $39,129 before resuming its upward trajectory.

At the time of writing, Bitcoin is trading at $42,439, marking a slight downturn in the last 24 hours. However, van de Poppe’s analysis provides a perspective that sees beyond these short-term fluctuations, focusing instead on the potential for significant growth in the cryptocurrency market, particularly for Chainlink and Bitcoin, in the medium to long term.

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Ralf Klein is a computer engineer specializing in database technology, and as such, he was immediately fascinated by the possibilities of blockchain when he first heard about it, especially since this distributed, tamper-proof technology can be the foundation for much more than just cryptocurrencies. At ETHNews, he translates the articles of his English-speaking colleagues for the German readers. Business Email: [email protected] Phone: +49 160 92211628