A widely followed crypto analyst analyzes the digital asset market following Bitcoin (BTC)'s recent rally.
Michael van de Poppe, digital asset analyst To tell 704,800 followers on social media platform X claimed that BTC's latest move will help the King cryptocurrency continue its rise.
“Bitcoin’s massive rally begins to continue here.
I think we will consolidate and, given the strong rebound, rise again towards the all-time highs before the halving. ”
At the time of writing, BTC is worth $66,417, up 4% in the past 24 hours, but down 7% in the last week.
Next is Van de Poppe turn His focus is on Chainlink (LINK). Analysts say blockchain oracles are evolving.
“Great retest at LINK, I think we’ll get through this and move on from here.
The BTC pair is at a cycle low. ”
Link was trading at $18.61 at press time, up 6% on the day.
Finally, the analyst turns to Sui (SUI), a blockchain built for fast payments.by traderthe 56th largest cryptocurrency by market capitalization, has room to grow further.
“Honestly, SUI has a great chart.
It retests the previous breakout level at 2100 Satoshi and provides a strong rebound.
I think this will continue to demonstrate strength next fiscal year. ”
At the time of writing, SUI was valued at $1.84, up almost 20% in the past 24 hours.
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Disclaimer: The opinions expressed on The Daily Hodl do not constitute investment advice. Investors should perform due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that transfers and transactions are made at your own risk and any losses you may incur are your responsibility. The Daily Hodl does not recommend buying or selling any cryptocurrencies or digital assets. The Daily Hodl is also not an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Ongky Ady Widyanto
