Cryptocurrency analyst and trader Michael van de Poppe says one of the top 15 digital assets could soon rise against Bitcoin (BTC).
From D-Pop Tells His 685,300 followers on social media platform
“Chainlink has held a crucial level of support for the BTC pair and is likely to continue from here. A decisive break above 0.00045 BTC, if broken, looks like a rally to 0.0008-0.001 BTC is next.”
Looking at his chart, the trader indicates that LINK/BTC is on the verge of a trend reversal and is about to break through the key resistance level at 0.0004480 BTC ($18.63).
LINK/BTC is trading for 0.0003741 BTC ($15.59) at the time of writing.
The merchant too Weigh Bitcoin entered as the king of cryptocurrencies fell to a low of $40,000 this week. he Believes Bitcoin is still in the early stages of a bull market cycle and we wouldn't be surprised to see it revision To the level of $36,000.
“Bitcoin is not in a bear market; it is at the beginning of a new bull cycle. However, since it is at the beginning of a new bull cycle, discussions will be heated between the two groups…
We may have already reached Bitcoin's level, but it seems likely that we will test lower levels before we can reverse again. My personal interest is between $36,000 and $40,000 to accumulate more in Bitcoin. The scope remains defined.”
Bitcoin is trading at $41,636, up slightly over the past 24 hours.
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Disclaimer: The opinions expressed in The Daily Hodl are not investment advice. Investors should conduct due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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