By The Daily Hodl - 9 months ago - Reading Time: 2 minutes
Crypto Analyst Breaks Down Bitcoin (BTC), Chainlink (LINK) and One Top XRP Rival
A widely followed crypto analyst is diving into the crypto markets after a week of largely sideways trading action.
Crypto trader Michaël van de Poppe tells his 660,100 Twitter followers that Bitcoin (BTC) is on the edge of a move that will strengthen the crypto markets.
“Bitcoin is on the edge of a big move here.
Breaking through $30,300-30,500 and we’ll see strength all across the board.
Chainlink then above $8.
Bitcoin back to $31,000.”
Source: Michaël van de Poppe/TwitterLooking harder at BTC, Van de Poppe says the king crypto is due for another sweep.
“Not breaking the crucial area, seems like we’re going to have another sweep of the low for Bitcoin.”
Source: Michaël van de Poppe/TwitterBTC is worth $29,714 at time of writing, down 3% in the last week.
Moving on to the blockchain oracle Chainlink (LINK), the trader expects the Ethereum (ETH)-based altcoin to expand even more.
“There we go on Chainlink.”
Source: Michaël van de Poppe/TwitterLINK is trading for $8.09 at time of writing, up 18% in the last 24 hours.
Diving into the XRP-rival Stellar (XLM), the trader suggests the $0.14 price zone might be a good entry for long trades on the explosive altcoin.
“Missed the trade at $0.12 on XLM.
If I get the chance, I’ll be looking at longs at $0.14 for a play.”
Source: Michaël van de Poppe/TwitterXLM is trading for $0.163 at time of writing, up 15% in the last 24 hours.
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inboxCheck Price Action
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Check Latest News Headlines
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/Andy Chipus/prodigital art/Salamahin
The post Crypto Analyst Breaks Down Bitcoin (BTC), Chainlink (LINK) and One Top XRP Rival appeared first on The Daily Hodl.
Original source: The Daily Hodl