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Bitcoin (BTC) imminent rally: Chainlink (LINK) will be part of it!

Wed 10 May 2023 ▪ 3 min of reading ▪ by La Rédaction C.
Invest Altcoins

This prediction comes from Kevin Svenson, a crypto analyst with 126,000 followers on Twitter. He has stated that Bitcoin is gearing up for a bull run, and altcoins like Chainlink (LINK) will follow it.

Bitcoin logo and chainlink on the podium

Last March, crypto analyst Tara used Elliot wave theory to predict that the price of Bitcoin would rise to $35,400. And if the flagship cryptocurrency reaches such a peak, Ripple’s XRP will also see a 30% increase, trading at $0.57 per coin.

According to The Daily Hodl, crypto analyst Kevin Svenson has also predicted that Bitcoin is preparing for a bull run. This situation could shock bears and skeptics, considering that Bitcoin is expected to trade at $48,000 per unit soon.

This bullish outlook is also associated with another bullish season for altcoins, including Chainlink’s LINK.

Kevin Svenson’s prediction on LINK

This time, the observation and identification of “recurring fractal wave patterns” were set aside. Kevin Svenson had instead used the Moving Average Convergence Divergence (MACD) indicator, a tool commonly used by crypto traders looking for potential trend reversals.

PEPE and other memecoins have already taken off

Our crypto analyst did not limit his prediction to LINK. He also mentioned PEPE, which made headlines on the web last week. It’s worth focusing on this memecoin since it has seen an increase of over 5,000% in less than a month.

Svenson’s remarks on PEPE

One of Kevin Svenson’s followers even shared his impressions for Dejitaru Tsuka, a cryptocurrency speculated to be a new creation by Ryoshi, the founder of Shiba Inu.

Meanwhile, TSUKA is soaring!

Regarding Chainlink, it’s also worth noting that its LINK token was part of a “winning trio” recently presented alongside Uniswap and Ecoterra.

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La Rédaction C. avatar
La Rédaction C.

The Cointribune editorial team unites its voices to address topics related to cryptocurrencies, investment, the metaverse, and NFTs, while striving to answer your questions as best as possible.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.