Prominent cryptocurrency analyst Michael van de Poppe recently made predictions about Bitcoin‘s potential rise and the subsequent impact on altcoins through a personal social media update. He highlighted Chainlink (LINK) and Sui (SUI) as two altcoins with a strong chance of appreciating. Van de Poppe foresees a surge in Bitcoin’s value, implying a bullish trend that could influence the broader crypto market. His projections come despite Bitcoin’s recent 7% decrease over eight days, followed by a 4% recovery in the past day alone.
Bitcoin’s Upward Trajectory
Van de Poppe suggests that the leading cryptocurrency, Bitcoin, could continue its recent upward trend and even reach new record highs before the forthcoming block reward halving in April. His positive outlook is based on Bitcoin’s current recovery phase after a significant drop. The analyst is optimistic that breaking through critical resistance levels at $70,300 and $72,000 could catalyze further gains for Bitcoin.
Altcoin Markets Set to Benefit
Turning his analysis to the altcoin domain, Van de Poppe identifies Chainlink’s native token, LINK, as ready for an ascent, particularly when paired against Bitcoin (LINK/BTC). He anticipates a robust uptrend for LINK following a successful re-test. Additionally, the analyst casts a spotlight on Sui’s SUI token, currently ranking 56th in market capitalization. Van de Poppe notes SUI’s potential for a strong rally post a re-test at the 2100 Satoshi breakout level, indicating a promising future for the altcoin.