A widely followed crypto analyst is laying out his vision for Bitcoin (BTC) while drawing attention to two top altcoin projects.
Crypto trader Michaël van de Poppe tells his 697,100 followers on the social media platform X that he expects BTC to consolidate.
“My vision of Bitcoin remains the same.
I think we’ll consolidate, and in that period, we’ll see altcoins picking up momentum.
At this point, Chainlink is showing some impressive upward momentum already.”
BTC is worth $43,088 at time of writing, up 2% in the last 24 hours.
Speaking of Chainlink (LINK), the analyst goes on to note that the decentralized oracle provider is already beginning another rally.
“LINK starting up a new run is a good vibe.
This bull market is likely going to be more impactful than the previous one.
Let’s get it!”
According to Van de Poppe, LINK’s elongated hibernation period is close to closing.
“Chainlink facing crucial resistance before an accumulation period of more than two years is going to end.”
LINK is worth $17.86 at time of writing, up 13% over the last day.
According to the analyst, altcoins projects like Chainlink and Polkdot (DOT), which bills itself as “the interoperability blockchain,” bring actual value to blockchain ecosystems.
“I invest in projects that have an actual use case and that might bring additional value to the whole ecosystem.
That’s why I think projects like Polkadot and Chainlink are outstanding.”
DOT is trading for $6.80 at time of writing, up 4% in the last 24 hours.
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The post Analyst Updates Vision for Bitcoin (BTC), Names Two Altcoin Projects That Will Bring Value to Crypto appeared first on The Daily Hodl.
