Crypto analyst Michaël van de Poppe tells his 668,000 followers on the social media platform X that BTC is ready to target new highs.
“Bitcoin is very much ready to reclaim $29,000-30,000 and target new highs.”
BTC is worth $27,984 at time of writing, up 2.1% in the last 24 hours.
A few days ago, Van de Poppe said that BTC was consolidating, which, according to the trader, should provide certain altcoins with momentum.
“Altcoins had a substantial correction overnight, while Bitcoin is consolidating.
The trendy coins from last weeks have seen a massive correction too.
As long as Bitcoin consolidates, I’ll expect that those assets continue to show momentum.
It takes a few days.”
At the same time, Van de Poppe pointed out that LINK would likely face one last correction before a breakout that could last into next year.
“The final correction for Chainlink before we’ll break out of this range.
The markets are still heating up for a big breakout, and if cycles do take place, 2024 is going to be a big year for LINK.
Expecting to see some retests around $7 to be bought, before $12-15.”
Taking another look at LINK yesterday, the trader said it was indeed undergoing a correction as predicted.
“Pretty substantial reaction here from LINK.
Didn’t reach my level yet, but it seems that this is the correction before a breakout upwards is the most likely occurrence.”
LINK is worth $7.63 at time of writing, up 1.7% in the last 24 hours.
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