A widely followed cryptocurrency analyst takes a look at altcoins as Bitcoin (BTC) stumbles.
Cryptocurrency trader Michael van de Poppe Tells He told his 695,000 followers on social media platform
“Chainlink had another move higher in its BTC pair towards crucial resistance.
Failed to exit.
It is looking for a higher low, support and then a reversal towards 4500 satoshi again.
I think LINK is likely to reach $30-40 in the coming months.
LINK is trading at $17.80 at the time of writing.
With Bitcoin falling slightly by 1.6% over the past seven days, Van de Poppe said Expect To be able to take advantage of market-wide declines.
“I would look to buy on dips in the markets.
API3 is probably one of them which is currently facing an exciting area to look for opportunities.
“Between $3.50 and $3.80, I'm interested before there's another rally.”
API3, a competitor to Chainlink and the oracle service, is valued at $3.73 at the time of writing.
Despite Bitcoin's recent decline, the analyst still expects Bitcoin's overall trend to remain higher.
“Bitcoin sees a slight pullback before continuing to rise.”
BTC is trading for $50,945 at the time of writing, down 1.1% on the day.
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