Crypto Trader Doubles Down on One Ethereum-Based Altcoin, Calls It ‘Opportunity of a Lifetime’
Popular cryptoanalyst Michaël van de Poppe reiterates his belief that Chainlink’s (LINK) current price is a rare opportunity for investors.
He says his 629,900 Twitter followers that Chainlink’s current price remains an “opportunity of a lifetime”, doubling down on his bullish position for LINK.
“So far, so good for Chainlink. The price between $6-8 is still an opportunity of a lifetime.”
Chainlink’s native asset LINK is trading at $7.88 at the time of writing. The 23rd ranked crypto asset by market capitalization has risen 1.47% in the last 24 hours. LINK reached an all-time high of $52.70 in May 2021.
Van de Poppe is too forecasts a rally in this fourth quarter for the royal crypt.
“It’s time for a little bounce on DXY [US dollar index] and a correction in the crypto markets. But more importantly, I expect the unemployment figures to be poor on Friday, and then the indices should continue. Relief rally in Q4 is on the horizon for Bitcoin.”
Van de Poppe suggests that markets are reacting positively to the effects of US federal interest rate hikes on unemployment data and vacancies.
“Slowly but surely, the US economy is following the rest of the world. Job openings biggest missed in the last 15 years. ISM PMI [purchasing managers’ index] the worst figure since June 2020. Markets have reacted positively, as gold and silver have rallied. Closer to a major breakout for Bitcoin as well.”
The merchant forecasts a price consolidation at $19,600 for Bitcoin (BTC) and a rise to the next resistance level at $22,400.
Don’t Miss a Beat – Subscribe to get crypto email alerts delivered straight to your inbox
Check price action
Follow us on TwitterFacebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and trades are at your own risk and any losses you incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of 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/issaro prakalung/america365
