Chainlink Predicted Will Correct Before Increase

LINK crypto price predictions. (Photo; Doc. BTC Echo)

JAKARTA - Micha total van de Poppe, a well-known crypto analyst, has issued an interesting forecast of Ethereum-based altcoin (ETH), Chainlink (LINK). According to him, Chainlink may experience a final correction before experiencing a significant price spike.

Van de Poppe estimates that 2024 will be an important time for Chainlink, with prices expected to be in the range of 1.2 (Rp187 thousand) to $115 (Rp234 thousand). However, he also noted that before reaching this price range, Chainlink may experience price corrections.

Currently, Chainlink prices are around $7.67 (Rp119 thousand). If van de Poppe's prediction is proven to be correct, then the price spike it anticipates will reflect an increase of about 56% to 95%.

Van de Poppe also observed that, while altcoins like Chainlink are undergoing a correction, Bitcoin (BTC) is experiencing a consolidation phase. Even so, he believes that "the trendy coin" will still show positive momentum despite corrections to altcoins when BTC consolidates.

Finally, van de Poppe said that Bitcoin, the largest crypto asset by market cap, could strengthen to 320.000 (IDR 468 million) if it successfully retested the price level of around $66.700 (IDR 417 million) to USD26.900 (IDR 420 million).

He stressed the importance of this level in determining the direction of the Bitcoin price movement, while reminding that market sentiment can change rapidly in the crypto world.