Chainlink: Van de Poppe Sets $11 Target on BTC Sweep
Chainlink at $9.56 eyes $11 target as Michaël van de Poppe outlines entries below $9.20 or $8.60 if Bitcoin avoids cascade to $61,000.
SourceAnalysis
Chainlink trades at $9.56 inside its Bollinger band with upper resistance at $9.58 while the 4-hour structure holds a bullish bias above EMA50 support at $8.74 and EMA200 at $8.34; RSI at 73.48 flashes overbought and MACD shows a golden cross at 0.24, suggesting price may retrace toward the 50-EMA before continuation. Michaël van de Poppe sees LINK price prediction reaching $11 if Bitcoin performs only a shallow low sweep rather than a cascade to $61,000, with ideal long entries under $9.20 or deeper at $8.60 during any crypto market crash scare, keeping the trade open to the measured move higher.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast