{"id":25405,"date":"2022-08-09T07:27:17","date_gmt":"2022-08-09T07:27:17","guid":{"rendered":"http:\/\/egrowonline.com\/?p=25405"},"modified":"2022-08-09T07:27:17","modified_gmt":"2022-08-09T07:27:17","slug":"btc-avax-and-link-price-poised-for-short-term-rally-soon-analyst-michal-van-de-poppe-maps-the-levels","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=25405","title":{"rendered":"BTC, AVAX, and LINK Price Poised For Short-Term Rally Soon! Analyst Michal van de Poppe Maps The Levels"},"content":{"rendered":"


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O<\/span>n Tuesday morning, the two biggest cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH) were trading higher. The total value of the cryptocurrency market increased by 1.77 percent to $1.12 trillion. On Monday, Bitcoin (BTC) maintained its upward trend. The largest cryptocurrency by market capitalization crossed $24,000 early in the day and held that level into the afternoon.<\/p>\n

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While keeping a careful eye on one large-cap digital asset, a well-known crypto strategist is forecasting rallies for Avalanche (AVAX)<\/a>, a competitor of Ethereum. AVAX appears ready for a significant rally, according to Michal van de Poppe, after overcoming resistance at $26.<\/p>\n

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#Avalanche<\/a> looks ready for continuation here:<\/p>\n

▫️ Attacking the highs at $26 for the third time.
▫️ Breaking that resistance activates acceleration with all previous highs (shorts getting stopped).
▫️ 50-Day MA holding as support.<\/p>\n

Targets:
▫️ $36
▫️ $42 pic.twitter.com\/b6fgpF0MQS<\/a><\/p>\n

\u2014 Micha\u00ebl van de Poppe (@CryptoMichNL) August 6, 2022<\/a><\/p><\/blockquote><\/div>\n<\/figure>\n

He said that AVAX is prepared to make a third attempt to hit the $26 levels. When that resistance is broken, all previous highs are activated for acceleration. His targets are $36 and $42 if the 50-day moving average continues to serve as support.<\/p>\n

The decentralized oracle network Chainlink (LINK)<\/a> is the next altcoin on the traders\u2019 list, and according to Van de Poppe, it is offering enormous potential for long-term bulls.<\/p>\n

He stated that Chainlink is getting close to $8. The BTC and USD pairs appear to be accumulating quite a bit, but he still thinks this is a once-in-a-lifetime opportunity. While it\u2019s down 85% from the prior all-time high, it is one of the assets to stock for the next bull run.<\/p>\n

Bitcoin<\/strong><\/h2>\n

Van de Poppe warns short-term traders that pullbacks are still possible but claims that Bitcoin still has a bullish outlook.<\/a><\/p>\n

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\u201cShort corrections are possible, but trend is still up. Looking quite fine on the higher timeframes for Bitcoin.\u201d<\/em><\/p>\n<\/blockquote>\n

As for the BTC price, near the $24,000 mark, there is imminent resistance on the upside. Near the $24,200 region comes the next significant resistance. Closing over the $24,200 resistance level might signal the beginning of a continuous rise.<\/p>\n

Bitcoin may begin a downward correction if it is unable to pass through the $24,000 barrier level. Near the $23,600 mark, there is the immediate support on the downside.<\/p>\n<\/div>\n

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Was this writing helpful?<\/h4>\n<\/p>\n<\/div>\n<\/div>\n


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On Tuesday morning, the two biggest cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH) were trading higher. The total value of the cryptocurrency market increased by 1.77 percent to $1.12 trillion. On Monday, Bitcoin (BTC) maintained its upward trend. The largest cryptocurrency by market capitalization crossed $24,000 early in the day and held that level into the […]<\/p>\n","protected":false},"author":1,"featured_media":25406,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[42],"tags":[646,937,194,977,1710,10328,10327,725,649,195,213,653,648],"class_list":["post-25405","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","tag-analyst","tag-avax","tag-btc","tag-levels","tag-link","tag-maps","tag-michal","tag-poised","tag-poppe","tag-price","tag-rally","tag-shortterm","tag-van"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/08\/crypto-trader.webp.webp","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/25405","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=25405"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/25405\/revisions"}],"predecessor-version":[{"id":25407,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/25405\/revisions\/25407"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/25406"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25405"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25405"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25405"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}