Top Analyst Tells Crypto Traders To Prepare for a Fun Quarter Ahead, Inspects One Ethereum-Based Altcoin – The Daily Hodl

A widely followed crypto analyst is predicting a fun quarter ahead for Bitcoin (BTC), Ethereum (ETH) and the rest of the crypto markets.

Crypto trader Michal van de Poppetellshis 652,600 Twitter followers that Bitcoin could reach up to $50,000 in the next quarter of 2023.

Generally, I think were going to have fun this quarter.

Bitcoin can continue the run towards $40,000-50,000, Ethereum to $2,800-$3,000.

Altcoins getting more momentum as confidence is back in the markets (and they have a small window).

Recession in H2 (second half of the year) -> correction on crypto.

Diving deeper into BTC, Van de Poppe thinksthe king crypto will have some slight downs on its way up.

Bitcoin looks strong, but will have some shallow corrections in an upwards trend.

Ive marked $31,700-32,000 as an important resistance point.

However, $25,000 was the level everyone wanted to buy. This will probably shift to $28,500, and then nobody buys.

Id prefer to focus on $29,700.

Moving on to the Etherum-based oracle altcoin Chainlink (LINK), the analystsaysLINK is on the verge of a breakout.

Chainlink starts to look great.

Bullish divergence on the daily chart implying that were reversing from here.

Finally a breakout from the range to $15-20 to be occurring.

Overall, Van de Poppesays hes seeing positive signs for cryptos future.

$30,700 per Bitcoin.

$2,100 per Ethereum.

$7.80 per Chainlink.

This is a good morning. Most likely markets continue going upwards for coming months.

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Generated Image: DALLE-2

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Top Analyst Tells Crypto Traders To Prepare for a Fun Quarter Ahead, Inspects One Ethereum-Based Altcoin - The Daily Hodl

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