Cryptocurrency trader Michaël van de Poppe charts the way forward for Bitcoin, Chainlink, and Small Cap One Altcoin
“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. 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.
Source: Van de Poppe/Twitter
Altcoins following.”
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.”
Source: Van de Poppe/Twitter
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.
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%.
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.”
Source: Van de Poppe/Twitter
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