Cryptocurrency analyst Michaël van de Poppe, who is famous for his predictions, shares that he expects a rise in Bitcoin after critical resistances, an explosion in Chainlink (LINK) and low-value altcoin Verasity (VRA). Here are the technical levels…
Analyst identifies 2 critical resistance levels in Bitcoin
Popular Van de Poppe on Twitter tells his 523,000 followers that Bitcoin climbed as high as $53,000 followed by a pullback to $46,000:
Bitcoin managed to hold $47,800 after the dip where the other side of the range was tested. The breakout has occurred and it is now aiming the next resistances at $51,600 and $53,600. Altcoins are also following.
According to Van de Poppe’s chart, a corrective move below $50,000 will allow Bitcoin to retest an important support level and potentially create a local bottom. Next up is Chainlink, the decentralized oracle network, which Van de Poppe says is likely building a bottom against Bitcoin (LINK/BTC). The analyst begins with:
Looking at Van de Poppe’s chart, he expects LINK/BTC to surge from support at 0.0004 BTC ($20.28) to around 0.0008 BTC ($40.56), which indicates a potential upside of around 100%. The crypto analyst is also keeping a close eye on Verasity, the decentralized next-generation video-sharing blockchain network that provides video player technology to major publishers and game developers worldwide.
Analyst expects rally after $0.048 from altcoin VRA
Van de Poppe, whose analysis we shared as Somanews, says that before Verasity fires the next leg, the Bitcoin pair (VRA/BTC) corrected to create a double bottom formation at 0.0000007 BTC ($0.035):