Notorious Analyst: This Altcoin Is Imitating a Previous Rally Pattern!

The cryptocurrency market continues to fluctuate back and forth. Altcoins have a mixed outlook as leading crypto Bitcoin hovers around $64,000. In a market dominated by uncertainty, an analyst with a wide following draws the main boundaries of the potential path forward for Bitcoin and the leading altcoin Ethereum. Additionally, the analyst expresses bullish sentiment for a leading Blockchain oracle.

Analyst: LINK is imitating a previous rally pattern!

cryptokoin.com As you follow from , it continues to search for a new direction. Although the excitement around the Spot Ethereum ETF increases with new developments, it is insufficient to move the market forward. However, analysts are expressing bullish sentiment for some tokens. Prominent analyst Michaël van de Poppe says Chainlink (LINK) price action against Bitcoin is currently mimicking a pattern that previously led to a triple-digit percentage point rally. In this context, the analyst makes the following statement:

A similar price pattern occurred in previous years, resulting in a 150% rally in the second half of the year. I expect the same from LINK now.

Source: Michaël van de Poppe

Meanwhile, Chainlink is trading at 0.0002254 BTC at the time of writing. The altcoin is changing hands at $13.62, down 4.9% on its daily chart. The token lost approximately 8% in value on its weekly chart.

“ The leading altcoin is showing resistance against BTC!”

The analyst then looks at the leading altcoin Ethereum. According to Van de Poppe, Ethereum is showing some resistance to Bitcoin even as crypto “markets continue their downward slide.” In this regard, the analyst says that Ethereum will be “good” as long as the ETH/BTC support level around 0.05 BTC is maintained. Additionally, the analyst states that it will rise.

Source: Michaël van de Poppe

Meanwhile, Ethereum was trading at 0.0546 BTC at the time of writing. The leading altcoin was changing hands at $3,488 with a horizontal trend on its daily chart. ETH lost 1.6% value on a weekly basis.

According to the analyst, a return for Bitcoin is on the horizon!

Finally, the analyst and the president discuss the cryptocurrency Bitcoin. Michaël van de Poppe says Bitcoin will potentially bottom at $63,000 – $65,000 before returning to the top. In this context, the analyst said, “Reversal is on the horizon.” says.

Source: Michaël van de Poppe

Meanwhile, Bitcoin was trading at $64,246 at the time of writing. Van de Poppe also weighs in on the broader crypto market. “For the first time in many years, I am very excited about the future of crypto,” the analyst said. Many major technological advances and breakthroughs occur in this cycle. In this way, I expect mass adoption to start happening soon. Pack your bags and wait.” says.