Trader Michaël van de Poppe Says Bull Market for Chainlink (LINK) Has Started, Updates Outlook on Bitcoin
A widely followed crypto analyst says the decentralized oracle network Chainlink (LINK) may be at the start of a new uptrend. Michaël van de Poppe tells his 781,500 followers on the social media platform X that LINK is starting to break out against Bitcoin (LINK/BTC) on the weekly chart. “Slowly, but surely, LINK starts to wake up strongly. I assume we’ll have the next leg upwards to be higher and that the bull for Chainlink has begun.” Source: Michaël van de Poppe/X Looking at his chart, the trader suggests that LINK may rally to 0.0007950 BTC ($69.15). LINK/BTC is trading for 0.0001793 BTC ($15.57) at time of writing, up 1.53% in the last 24 hours. Next up, the analyst says that Bitcoin is holding an ascending trendline as support and may soon hit $94,000 if BTC can break through resistance at the $87,000 level. “The trend is still great on Bitcoin and it looks to be that we’re going to be breaking upwards to $90,000.” So...