In the crypto currency market, eyes have been translated into a Bitcoin and a popular Altcoin project. Bitcoin may start a strong rally if it can exceed a critical resistance level, but the price is expected to fall hard if it fails. On the other hand, the rise signals are strengthened for Altcoin. Crypto analyst Michaël Van de Poppe evaluated the critical level to Bitcoin and possible price movements for popular Altcoin. As Kriptokoin.com, we convey the details!
84,500 dollars in Bitcoin: rise if it breaks, the collapse if it does not break!
Analyst Michaël Van de Poppe emphasizes that Bitcoin should break the $ 84,500 resistance to continue the rising trend. If this level is exceeded and approved as support, a large rally may start for Bitcoin. However, if this level is below this level, there may be a withdrawal to $ 82,000.
According to the analyst, two main scenarios stand out:
- If Bitcoin exceeds $ 84,500, it can initiate a strong upward trend and the price can move to $ 90,000.
- If the resistance cannot be broken, a decrease of up to $ 82,000 and then a double foot formation in the $ 70,000 band may occur.
Bitcoin is currently trading at $ 87,315 and has gained 5.7 %in the last 24 hours.
Bull signal for Chainlink (LINK): Is the price explosion close?
In addition to Bitcoin, Chainlink (LINK) is on the radar of investors. The analyst says that a double foot formation occurs in the LINK/BTC parity and this is a strong rise signal.
The double foot formation is defined by starting a upward movement after the price has dropped to a certain level of support twice. This structure is usually a harbinger of a bull market.
According to the analyst, an increase in LINK/BTC parity up to 0.000795 BTC is expected. This corresponds to about $ 68.39. Currently LINK/BTC parity is traded at 0.0001719 BTC ($ 14.92) and increased by 2 %in the last 24 hours.
Which scenario will take place in Bitcoin and Chainlink?
The level of $ 84,500 for Bitcoin stands out as a critical turning point. If the BTC exceeds this level, a strong wave of ascension may come, but the decline may be inevitable if it fails.
On the other hand, technical indicators in Chainlink give rise signals. If LINK can maintain this acceleration, there may be a strong price increase in the coming days.
The important levels that investors have to follow carefully stand out in Bitcoin as $ 84,500 and $ 68 in Chainlink. How the market will react in the coming days is a matter of curiosity!
