Van de Poppe Looks Into What’s Next For Bitcoin, Chainlink and Verasity
A leading cryptocurrency analyst and trader Michaël van de Poppe draws next step scenarios for Bitcoin (BTC), Chainlink (LINK) and Verasity (VRA).
Bitcoin (BTC)
The analyst shared with his 523K followers on Twitter that he believes another drop to around $46,000 level is coming for Bitcoin, but it will go up to $53,600 before that.
“Bitcoin held the level at $47,800 after breaking beneath, through which the other side of the range was tested. Breakout & now onto next resistance points at $51,600 and $53,600.
Altcoins following.”
#Bitcoin held the level at $47.8K after breaking beneath, through which the other side of the range was tested.
At the time of writing Bitcoin is trading sideways on the daily chart at $50,439.
Chainlink (LINK)
Van de Poppe is also eyeing decentralized oracle network Chainlink, which he believes is forming a bottom against Bitcoin, and will soon start its 2x rally towards 0.0008 BTC.
“Chainlink is still following this scenario here.”
At the time of writing LINK is trading at 0.0004444 BTC ($22.43) with 3% gain on a daily chart.
Verasity (VRA)
The last coin on the trader’s list is Verasity, a next generation of video-sharing aimed at creating a fair system for creators to earn from their work, and advertisers to gain value for their ad spend.
Van de Poppe, predicts VRA correcting against Bitcoin pair (VRA/BTC) to print a double bottom pattern at 0.0000007 BTC before starting its next leg up.
“Massive bounce from VRA here.
Looks good, good daily candle as well.
The crucial resistance lies around 0.00000095 BTC ($0.048). If that breaks, we’re in for a new impulse run.”
