Cryptocurrency Trader Revises Forecasts for Bitcoin and Alternative Coins, Predicts Chainlink May Surge by 123%

A prominent cryptocurrency analyst is examining the altcoin market as Bitcoin’s (BTC) value fluctuates.

The trader, Michaël van de Poppe, shares with his 695,000 followers on social network X that he anticipates Chainlink (LINK) could ascend to $40 in the forthcoming period, an ascent of 123%.

“Chainlink surged again versus BTC to a pivotal resistance point.

However, it couldn’t sustain a breakout.

Now it searches for a solid higher low, support, and a swing back toward 4500 satoshis.

I’m of the opinion that LINK is set for an upswing to the $30-$40 range in the next few months.”

At the moment of writing, LINK trades at $17.80.

Seeing Bitcoin retreat marginally by 1.6% over the past week, Van de Poppe anticipates capitalizing on the broad market correction.

“My strategy includes buying during this dip.

API3 is one such prospect currently at a tempting level for seeking opportunities.

I’m drawn to the $3.50-3.80 range before it makes another upward move.”

API3, an oracle service akin to Chainlink, is priced at $3.73 as of this writing.

Despite the recent minor downturn of BTC, the analyst maintains a long-term bullish outlook for Bitcoin.

“Bitcoin is taking a minor step back before we see a resumption of the uptrend.”

At the time of reporting, BTC is valued at $50,945, marking a 1.1% decline on the day.

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