Analyst Michaël van de Poppe Says Chainlink Is on the Brink of a Bright Future Here Are His Targets

Coin Realm reports:
A widely-followed cryptocurrency analyst is bullish on the decentralized oracle network Chainlink (LINK) after a significant adjustment. Cryptocurrency trader Michaël van de Poppe told his 722,800 followers on social media platform X that, based on historical patterns, Chainlink could enter an uptrend against Bitcoin (LINK/BTC) by the end of the year.
“LINK has seen the same pattern time and again. A decline in the first six months. A bull market in the latter six. We are in the latter six-month phase, slowly climbing upwards. The future holds good times.”
Source: Michaël van de Poppe/X
The analyst also notes that LINK is printing a bullish pattern against Bitcoin on the daily chart.
“LINK continues to show momentum as it breaks through highs. More importantly, focus on Bitcoin pairs for altcoins, not USDT pairs, as you will more often define the strength of altcoins through BTC pairs.”
Source: Michaël van de Poppe/X
At the time of writing this article, LINK is trading at 0.0002243 BTC ($13.11).
Finally, the analyst predicts a bull market reversal for other altcoins soon.
He states that OTHERS, which tracks the market cap of all cryptocurrencies (excluding the top 10 digital assets and stablecoins), is forming a bull market double bottom pattern against Bitcoin (OTHERS/BTC) on the weekly chart.
“You might wonder if we will see another altcoin bull market. I believe it’s right before us… Once we look at the OTHERS/BTC chart, we can see that we are experiencing a double bottom process, and the valuation of altcoins is the lowest it has been in three years.”
Source: Michaël van de Poppe/X
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