Top Trader Forecasts Imminent Rallies for Bitcoin, Chainlink (LINK) and One of Ethereums Biggest Rivals

A closely followed crypto trader known for calling moves in the altcoin market says Bitcoin (BTC) and two other digital assets are poised to rise this week.

A pseudonymous analyst known as Kaleo has told his 538,000 Twitter followers that Bitcoin is about to break out and target the $22,700 region.

Post-breakout support plus a little build-up.

We should soon see another leg going up to $22,700 perhaps rounding up a bit around $22,000 along the way.

At the time of writing, Bitcoin is trading at $20,853, down 1.49% for the day.

Looking at the altcoin market, Kaleo is eyeing the decentralized oracle network Chainlink (LINK) for potential profits.Anything under $10 per token is a great value, according to traders bargain.

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The accumulation base on the LINK/USD chart is very clean we believe the high timeframe resistance breakout was due to BTC movement more than anything else, but that still doesnt dampen it.

These types of moves usually bode well for the BTC pair to overtake.

LINK under $10 feels like a criminal.

A popular analyst has also said that Chainlink’s Bitcoin pair (LINK/BTC) is consolidating above the critical resistance.

LINK/BTC continues to slowly grind, building *above* high resistance on the timeframe.

Probably nothing

At the time of writing, LINK is trading at $8.22, down 4.74% over the past 24 hours.

Kaleo also has his eye on one of the prominent Ethereum (ETH) challengers. Traders say Avalanche (AVAX) is gearing up for a massive rally near his $60 level, which is about 223% off the current price.

Kaleo To tell AVAX has just broken through the diagonal resistance shown in the chart above and is currently approaching his price target, initially stopping around $30.

At the time of writing, AVAX is trading at $18.45, down 4.52% for the day.

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