Crypto Analyst Predicts Bitcoin to Hit $31K and Chainlink Surge Ahead
• Crypto analyst Michaël van de Poppe predicts a quick bounce for Bitcoin (BTC) and an increase in Chainlink (LINK).
• Van De Poppe expects Bitcoin to soon reclaim the $30,000 range and Chainlink to reach $9.27 before September.
• He also predicts an influx of liquidity into the total market cap of digital assets, with a possible rise from $1.14 trillion to as high as $3 trillion by 2025.
Crypto Analyst Predicts Imminent Bounces for Bitcoin (BTC) and One Ethereum-Based Altcoin
A closely followed crypto strategist is predicting a quick Bitcoin ( BTC ) bounce after dipping below $29,000, while also calling for one Ethereum ( ETH )-based altcoin to take off. Analyst Michaël van de Poppe tells his 661,500 Twitter followers that Bitcoin is likely to soon reclaim the $30,000 range after touching a strong demand area near the $28,300 level.
Bitcoin Could Reach 31k
He predicts Bitcoin will continue upwards to hit $31,000, which would be a 7% increase from its current value.
Chainlink Could Reach 9.27
Next, the analyst says that decentralized oracle network Chainlink ( LINK ) could be about to reclaim the $9.27 level sometime before September. Chainlink is trading for $7.48 at time of writing, down 0.9% during the last 24 hours.
Influx of Liquidity into Total Market Cap
The analyst is also predicting a massive inflow of liquidity to the overall total market capitalization of digital assets in the coming months. According to Van De Poppe, the total market cap of digital assets will likely increase from $1.14 trillion to $2 trillion by the beginning of next 2024 before a correction and a subsequent wave back up to all-time highs at $3 trillion by 2025.
Low Volatility Points To Price Action Heating Up For BTC
In a new video strategy session, van de Poppe tells his 162,000 YouTube subscribers that Bitcoin’s low volatility indicates price action may soon heat up for BTC . He suggests Bitcoin could end up setting a new local low around $27 , 000 before recovering .