Analyst Michal Van De Poppe Predicts Massive Surge for Ethereum-Based Altcoin in 2023 Heres His Outlook

A closely followed crypto analyst believes one altcoin built on the Ethereum (ETH) blockchain is gearing up for a bullish 2023.

In a new strategy session, Michael van de Poppe tells 164,000 YouTube subscribers that the decentralized oracle network Chainlink (LINK) needs to remove immediate resistance to ignite a massive surge .

If Chainlink cracks this resistance, which is the $7.78 area here, that is the area where it starts to accelerate, so it is a very important resistance before $16 for Chainlink.

As of this writing, LINK is changing ownership for $6.05. Van de Poppes move toward the target suggests Ethereum-based altcoins could rise more than 164%.

Van de Poppe is bullish on Chainlink, but he says he’s within the odds of printing a new bear market below $5 before the altcoin starts rising toward his target.

“If we can’t maintain that support level ($6), we’ll consider testing around $5. If we really don’t get support here, we’ll sweep again ($5). I see cases like this ( A move below $5). [the reclaim of $6] It is a trigger for the long entry and starts to continue rising.

Looking at Bitcoin (BTC), van de Poppe says the crypto of kings looks poised for a rapid rise.

Bitcoin is still holding levels here as it has flipped $16,750 for support. I think it will continue to rise.

At the time of writing, Bitcoin is trading at $16,866.

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