Van de Poppe Updates ETH & LINK, Not Bullish On BTC Below $46K
Michaël van de Poppe, a top crypto market strategist, is looking into Chainlink (LINK) and Ethereum (ETH), and draws a price level which Bitcoin (BTC) would have break for him to flip bullish on it.
Chainlink (LINK)
Van de Poppe shared with his 575K Twitter followers that many altcoins including Chainlink (LINK) are holding higher time frame support against the USD.
“I must say, some USD pairs of altcoins aren’t that bad at this stage, after this bounce.
LINK, for instance; still holding HTF (higher time frame) support.”
— Michaël van de Poppe (@CryptoMichNL) March 9, 2022
Ethereum (ETH)
Regarding Ethereum (ETH), the analyst projects sideways movement for the next 3-4 months ahead. However, he notes that inflation could have an impact on ETH’s price.
“Still seeing this on Ethereum too.
Very interested in the reaction to the inflation numbers nonetheless.”
Van de Poppe says that with Bitcoin’s (BTC) current performance, he’s not bullish the leading digital asset. However, he believes that there is a good chance that we see new lows soon.
“Well, Bitcoin followed this scenario.
Beneath $46K I’m not bullish.
I think the chances of taking these lows are quite significant.”
