A Crypto Analyst’s Outlook on Bitcoin and Chainlink
A popular crypto analyst is sharing his updated predictions for Bitcoin (BTC) and Chainlink (LINK). According to the analyst, BTC is expected to form a lower high in the coming weeks, which could potentially lead to a higher low later in the market cycle. The analyst also notes that BTC is currently sitting on the bull market support band and is challenging to break out beyond it.
The analyst also shares a chart that shows a bearish Bitcoin fractal update. As for Chainlink, the analyst believes that it has broken through a downtrend, suggesting that there may be room for upward movement.
At the time of writing, BTC is valued at $26,409, down 2.3% in the last seven days. LINK, on the other hand, is trading at $7.70, showing an 11.6% increase in the last seven days.
Hot Take: Bitcoin and Chainlink Predictions
According to a well-known crypto analyst, Bitcoin may experience a lower high in the coming weeks, potentially leading to a higher low later in its market cycle. The analyst also points out that BTC is currently testing the bull market support band. On the other hand, Chainlink has broken through a downtrend, indicating the possibility of upward movement. These predictions provide insight into the potential future trends of these cryptocurrencies.
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