Cryptocurrency trader and analyst Michaël van de Poppe is optimistic about the future of a leading blockchain oracle and shares his thoughts on the potential paths for Bitcoin (BTC) and Ethereum (ETH).
Van de Poppe, who has a large following on social media, notes that Chainlink (LINK) is currently following a price pattern that has previously resulted in a significant rally. He expects a similar outcome this time, with a potential 150% rally in the second half of the year.
Chainlink is currently trading at 0.0002254 BTC ($14.34).
Moving on to Bitcoin, Van de Poppe suggests that the cryptocurrency will likely reach its bottom at around the $63,000 – $65,000 level before starting an upward trend. He believes that a reversal is on the horizon.
Bitcoin is currently trading at $63,580.
Regarding Ethereum, Van de Poppe observes that it is showing resilience against Bitcoin, even amidst the ongoing market downturn. As long as the ETH/BTC support level at around 0.05 BTC holds, he believes that Ethereum will be fine and poised for a bullish reversal.
Ethereum is currently trading at 0.0546 BTC ($3,469).
In a broader perspective, Van de Poppe expresses excitement about the future of the crypto market, emphasizing the technological advancements and breakthroughs that are emerging. He anticipates significant mass adoption in the near future.
As for investment advice, Van de Poppe suggests being cautious and conducting thorough research before making any high-risk investments in Bitcoin, cryptocurrency, or digital assets.
Please note that the opinions expressed by Van de Poppe are not investment advice, and investors should proceed with caution.
