BTC, AVAX, and LINK Price Poised For Short-Term Rally Soon! Analyst Michal van de Poppe Maps The Levels

BTC, AVAX, and LINK Price Poised For Short-Term Rally Soon! Analyst Michal van de Poppe Maps The Levels

The post BTC, AVAX, and LINK Price Poised For Short-Term Rally Soon! Analyst Michal van de Poppe Maps The Levels appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

On Tuesday morning, the two biggest cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH) were trading higher. The total value of the cryptocurrency market increased by 1.77 percent to $1.12 trillion. On Monday, Bitcoin (BTC) maintained its upward trend. The largest cryptocurrency by market capitalization crossed $24,000 early in the day and held that level into the afternoon.

While keeping a careful eye on one large-cap digital asset, a well-known crypto strategist is forecasting rallies for Avalanche (AVAX), a competitor of ethereum ethereum Blockchain NetworkTechnology Followers : 0 View profile . AVAX appears ready for a significant rally, according to Michal van de Poppe, after overcoming resistance at $26.

He said that AVAX is prepared to make a third attempt to hit the $26 levels. When that resistance is broken, all previous highs are activated for acceleration. His targets are $36 and $42 if the 50-day moving average continues to serve as support.

The decentralized decentralized decentralized@unic.ac.cy Event Organiser Followers : 0 View profile oracle network Chainlink (LINK) is the next altcoin on the traders’ list, and according to Van de Poppe, it is offering enormous potential for long-term bulls.

He stated that Chainlink is getting close to $8. The BTC and USD pairs appear to be accumulating quite a bit, but he still thinks this is a once-in-a-lifetime opportunity. While it’s down 85% from the prior all-time high, it is one of the assets to stock for the next bull run.

Bitcoin

Van de Poppe warns short-term traders that pullbacks are still possible but claims that Bitcoin still has a bullish outlook.

“Short corrections are possible, but trend is still up. Looking quite fine on the higher timeframes for Bitcoin.”

As for the BTC price, near the $24,000 mark, there is imminent resistance on the upside. Near the $24,200 region comes the next significant resistance. Closing over the $24,200 resistance level might signal the beginning of a continuous rise.

Bitcoin may begin a downward correction if it is unable to pass through the $24,000 barrier level. Near the $23,600 mark, there is the immediate support on the downside.