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Crypto Trader Michaël van de Poppe Plots the Path Ahead for Bitcoin, Chainlink and One Low-Cap Altcoin

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Widely followed crypto strategist and trader Michaël van de Poppe is outlining what’s next for Bitcoin (BTC), Chainlink (LINK) and the low-cap altcoin Verasity (VRA).

Van de Poppe tells his 523,000 Twitter followers that he sees Bitcoin climbing as high as $53,000 before igniting another pullback to around $46,000.

“Bitcoin held the level at $47,800 after breaking beneath, through which the other side of the range was tested. Breakout & now onto next resistance points at $51,600 and $53,600.

Altcoins following.”

Source: Van de Poppe/Twitter

According to Van de Poppe’s chart, the corrective move below $50,000 will allow Bitcoin to retest a key support level and potentially form a local bottom.

Next up is the decentralized oracle network Chainlink, which Van de Poppe says is likely constructing a bottom against Bitcoin (LINK/BTC).

“Chainlink is still following this scenario here.”

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Source: Van de Poppe/Twitter

Looking at Van de Poppe’s chart, he expects LINK/BTC to rally from support at 0.0004 BTC ($20.28) to around 0.0008 BTC ($40.56), indicating a potential upside of about 100%.

The crypto trader is also keeping a close watch on Verasity, a decentralized next-generation video-sharing blockchain network that provides video player technology to major publishers and game developers worldwide.

According to Van de Poppe, he sees Verasity correcting in its Bitcoin pair (VRA/BTC) to carve a double bottom pattern at 0.0000007 BTC ($0.035) before igniting its next leg up.

“Massive bounce from VRA here. Looks good, good daily candle as well. The crucial resistance lies around 0.00000095 BTC ($0.048). If that breaks, we’re in for a new impulse run.”

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Source: Van de Poppe/Twitter

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Sergey Nivens/S-Design1689/Vladimir Sazonov





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