Analyst Michaël van de Poppe Forecasts 90% Rally for Top-20 Ethereum-Based Altcoin, Updates Outlook on Bitcoin

Written By Emma Portman

Cryptocurrency analyst and trader Michaël van de Poppe believes that Chainlink (LINK), a decentralized oracle network, is poised for a 90% rally from its current value. He points to the key resistance level around $16.54, which LINK has tested multiple times since November, suggesting that it could flip this level into support with another attempt.

Van de Poppe also provides insights into Bitcoin (BTC) and predicts that it will retest a higher level ahead of the halving event in April. During this period, he anticipates that altcoins will outperform Bitcoin. Looking at a longer-term outlook for Bitcoin, he suggests that BTC could reach its prior all-time high in 2025 after breaking out of a trading range in 2024. According to his chart, Bitcoin may reach $68,000 in the first half of 2023, rallying to $50,000 ahead of the halving event and then temporarily declining to $39,129 before resuming an upward trajectory.

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Emma Portman

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