The bullish crypto predictions continue in the crypto market these days. Check out the latest reports below.
LINK and ETH new predictions are out
It’s been revealed that the popular crypto analyst Michaël van de Poppe is updating his price targets for a trio of altcoins, including Ethereum (ETH).
Van de Poppe said that the oracle network Chainlink (LINK) is currently at an opportune price.
“Chainlink at $6-8 is still an opportunity of a lifetime.”
Van de Poppe predicted in late May that LINK could break out from its lingering slump if it surpassed the $7.50 resistance level. At time of writing, Chainlink is trading for $6.56.
LINK managed to surge to as high as $9.46 on June 9th before tumbling below $5.50 just four days later.
About Ethereum, Van de Poppe says he’s optimistic as ETH recaptured the $1,000 level back on June 19th and has held the line ever since. Van de Poppe says he could see the top altcoin rally to $1,400.
“Ethereum looks ready for this run.
Good bounce on the area of $1,080 and good recovery of the daily.
Expecting the highs to be tested and then possible $1,400.”
Bitcoin prediction is out
At the moment of writing this article, BTC is trading in the red and the king coin is priced at $20,167.
An important crypto analyst is comparing Bitcoin’s price action to one traditional stock to predict what’s next for BTC after a rocky last two months.
In a new strategy session, the anonymous host of InvestAnswers highlights automaker Tesla and discusses the significance of mean reversion, a metric that posits an asset’s price will eventually return to its long-term average.
“Let’s look at the pair. This is the Tesla-divided-by-Bitcoin pair, and you can see the price now is about 0.036. We are back at late 2020 levels. It’s like a big huge U.”
Stay tuned for more news.