Cryptocurrency trader Michaël van de Poppe is bullish on Chainlink (LINK) and predicts a potential surge of over 90% in its value. He believes that as long as LINK stays above the $13.50-14.25 range, it could continue towards $25-$30. Van de Poppe’s chart suggests that LINK may cross the $16 mark in the near term, dip below $15, and then bounce beyond $18. As of now, LINK is trading at $15.72, showing a nearly 3% increase in the last 24 hours.
In addition, van de Poppe suggests that Ethereum (ETH) may have entered an uptrend against Bitcoin (ETH/BTC). He notes that Ethereum needs to break through 0.06 BTC to confirm the continuation of the trend, but the weekly bullish divergence indicates significant strength in the coming months. At present, ETH/BTC is trading at 0.05924 BTC ($2,530).
Regarding Bitcoin, van de Poppe states that it is eager to consolidate within its current range, with the excitement around the launch of spot BTC exchange-traded funds (ETFs) slowly fading away. He identifies potential resistance at $46,000 and support at $39,000-$41,000. According to the trader’s chart, Bitcoin might rally above $45,000 soon and then retest the $39,000 level around March and April. Afterward, it could move to the upside, surpassing the $42,000 level around May.
Overall, van de Poppe’s predictions indicate potential surges for Chainlink and Ethereum, while suggesting a consolidation phase for Bitcoin in the near term.