Bitcoin price drops further as BTC Dominance falls.
Altcoin Dominance takes the lead and Chainlink shows promising pump targets.
Analyst expects the LINK price to hit $47.154 before setting an ATH of $88 this bull cycle.
The price of Bitcoin (BTC) has dropped further, slipping to the $93,000 range and dragging market sentiment down along with it. As the Crypto Fear & Greed Index marks, the sentiment fell sharply from 73 to 65 in a single day. Despite this decline, sentiment remains in the ‘Greed’ zone, signaling optimism for a potential recovery even amidst growing FUD.
Bitcoin Faces Another Dip, Analysts Remain Optimistic
Seasoned crypto analysts remain optimistic about Bitcoin's upward trajectory, forecasting significant gains in the early months of the coming year. Many believe the asset could dip to $88,000 before rebounding to break its previous ATH in the $108,000 price range. Once this target is recovered, BTC is set to hit much higher targets up to $200,000.
LINK Shows Pump Indicator for Over 111% Surge
As Bitcoin’s dominance in the crypto market continues to waver, attention has shifted toward altcoins. Analysts expect the altcoin market to thrive in the first quarter of the New Year, with several coins poised to hit new ATHs as altseason gains momentum. One such bullish altcoin this altseason is Chainlink (LINK).
https://twitter.com/JavonTM1/status/1873220934896599390
As we can see from the post above, LINK price recently showed extremely positive action, meeting the $30 mark in a major continuation move and displaying a significant positive volume uptick. The analyst expects even greater gains for LINK ahead as he sets $47.154 for the next trend target and highlights over a 111% pump which could then shoot LINK price to $88 and higher targets.
The post $88 LINK ATH Prediction Could Arrive This Bull Cycle Once Chainlink Claims $47.154 Target as Trend High appeared first on Crypto News Land.
