Chainlink: Bull Market Holds vs Bitcoin
Chainlink at $11.69 sustains bull market versus Bitcoin, with swing traders targeting dips as EMA50 holds support at $10.71.
SourceAnalysis
Chainlink remains in a bull market, trending higher against BTC and prompting traders to buy dips for swing positions.
Over the past twelve months the LINK pair has consistently outperformed Bitcoin dominance, reinforcing dip-buying tactics in the current cycle.
Technical confluence shows price at $11.69 trading inside the Bollinger Bands with upper resistance at $12.09; the neutral RSI at 62.61 combined with EMA50 support at $10.71 suggests a measured retracement before continuation, even as the MACD prints a death cross.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast
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