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Famous crypto analyst Michael van de Poppe shared his views on the recent recovery of Bitcoin (BTC) and its potential effects on other cryptocurrencies through his personal account on social media platform X. The analyst pointed out that Chainlink (LINK) and Sui (SUI) could be altcoins poised for a rise.
Anticipating Bitcoin’s Record Renewal
Despite Bitcoin currently trading at $66,417 and having risen by 4% in the last 24 hours, Van de Poppe predicts more upward movement for the largest cryptocurrency, which has seen a 7% drop over the past 8 days. This is supported by a significant jump and consolidation phase.
The analyst believes a jump in Bitcoin is on the table and expresses optimism about reaching new all-time highs before the expected fourth block reward halving in April. Van de Poppe’s bullish outlook for Bitcoin suggests a positive short-term view for the crypto king.
According to Van de Poppe, the upward movement for the largest cryptocurrency could accelerate upon surpassing significant thresholds at $70,300 and $72,000.
Predicts Uptrend for LINK and SUI
Shifting focus from Bitcoin to altcoins, Van de Poppe mentioned that Chainlink‘s LINK is a cryptocurrency ready to move upward, particularly in the Bitcoin trading pair (LINK/BTC), where he sees potential for a significant uptrend following a great re-test.
Lastly, the analyst turned attention to Sui’s SUI, designed for fast settlements on the blockchain and ranked as the 56th largest cryptocurrency by market value. Van de Poppe finds Sui’s chart promising and believes it could make a strong bounce after re-testing the previous breakout level at 2100 Satoshi.
