Top Analyst Projects Rallies For Bitcoin, Chainlink And XAcademy Network
According to a leading crypto analyst, Michaël van de Poppe, three crypto assets could see possible price increases the markets head into summer.
The analyst shared his 608.4K followers on Twitter both Bitcoin (BTC) and altcoins have a good chance to stage a relief rally.
“The odds for a relief rally this month are increasing as Bitcoin recovered this entire move.
Altcoins on the daily time frame [are] also starting to look better.
This could be a relief rally of 50-100% on them. Be ready.”
Easy, the odds for a relief rally this month are increasing as #Bitcoin recovered this entire move. #Altcoins on the daily timeframe is also starting to look better.
This could be a relief rally of 50-100% on them.
Be ready.
— Michaël van de Poppe (@CryptoMichNL) June 7, 2022
Bitcoin (BTC)
The analyst looks into Bitcoin in more detail and believes that $30,400 is an ideal support level. If that holds Bitcoin could rise up to $35,000.
“When it comes down to Bitcoin, it’s back in resistance and chopping around like crazy.
I’d like to see $30.4K-ish hold as support. If that holds, finally, then I’m assuming we’ll see $32.8K and potentially $35K.”
When it comes down to #Bitcoin, it's back in resistance and chopping around like crazy.
I'd like to see $30.4Kish hold as support.
If that holds, finally, then I'm assuming we'll see $32.8K and potentially $35K. pic.twitter.com/hT7fGXlmEP
— Michaël van de Poppe (@CryptoMichNL) June 7, 2022
At the time of writing, BTC trades at $29,872.
Chainlink (LINK)
Moving on to decentralized oracle network Chainlink (LINK), van de Poppe believes that strength at $7.25 means that previous resistance (R) could now flip into being a level of support (S).
“Well, $7.25 was indeed holding up for LINK and now it’s continuing the momentum towards $9 and hit that level.
Good S/R flip play.”
Well, $7.25 was indeed holding up for $LINK and now it's continuing the momentum towards $9 and hit that level.
