Analyst Says BTC And LINK Are Set For Explosive Rallies

Kevin Svenson, a well-known crypto analyst, says that Chainlink (LINK), the top decentralized oracle service, is going to make a big move when the altcoin markets wake up.

The analyst tells the 126,000 people who follow him on Twitter that the moving average convergence divergence (MACD) sign for LINK is pointing to a sudden rise in price.

Traders often keep a close eye on the MACD because it can sometimes show when a trend might change.

Says Svenson,

“Chainlink monthly MACD indicator is about to have the first bullish cross up since the end of 2020.

I’m long AF.

LINK a surprise pump is coming.”

Svenson talks about the hot memecoin Pepe (PEPE) and says that a change in capital flow from it to the bigger crypto assets like Bitcoin (BTC) and Ethereum (ETH) could send the whole market soaring.

PEPE is up more than 5,000% in less than a month, and some experts think that the speculation will only get worse.

“If PEPE profits starting flowing into BTC and ETH the entire market is going to rocket… You’re forgetting about how much leverage is available. Half a billion could = many billions in volume.”

Svenson also says that Bitcoin bears and critics will be surprised by the next move of the most well-known cryptocurrency. He has called for altcoins to go up to $48,000, which he said would start another bullish season.

“Bitcoin is now creating a higher low right along our parabolic curve which could create the next major impulse up towards $48,000…

That means that Bitcoin in theory has another 65% from here to the next target of $48,000. That is a 65% move, that is a tremendous opportunity if it does in fact play out…”