LINK’s price against Bitcoin is starting to look better. Crypto expert Michaël van de Poppe posted on X (formerly Twitter) that “The uptrend has begun.” More investors are watching LINK now, thinking it could grow a lot by 2025 since its price compared to Bitcoin is pretty low.
Chainlink Chart Analysis
Looking at LINK’s weekly chart against Bitcoin, we can see a new pattern forming. The price is making higher lows and highs – that’s usually how uptrends start. There’s strong support around 0.0002680 BTC, where buyers keep stepping in.
The first big hurdle is at 0.0004480 BTC. If LINK’s price breaks through that, it could climb to 0.0006721 BTC and maybe even 0.0007950 BTC. The price has been stuck in a range for about two years, not able to break through these resistance levels. However, the recent increase in trading volume during upward movements supports the view that Chainlink could be entering a phase of renewed growth.
Image Source: X/MichaëlvandePoppe Historical Performance and Future Projections
Chainlink has experienced notable rallies in the past, with a 121% price increase recorded in 2022. We might see something similar to what happened after the long quiet periods in 2023 and 2024. Van de Poppe points out that LINK is still very cheap compared to Bitcoin, suggesting there’s room to grow.
His post matches what we see in the charts – if LINK can push past 0.0004480 BTC, we could see some big moves up. Should the resistance levels be cleared, Chainlink could target higher zones, potentially making 2025 a transformative year for the token.
Read Also: Ethena (ENA) Price Shows Bullish Momentum After Breaking Resistance—Is a 30% Rally Around the Corner?
Searching for Stability Amid Growth
While the current trend signals optimism, Chainlink is now in a phase of finding stability. Analysts expect the token to retrace slightly and form a higher low in the range of 0.0003000 BTC to 0.0003500 BTC before resuming its upward trajectory. This would confirm the sustainability of the trend and position LINK for further growth against Bitcoin.
As LINK’s price gains momentum, its position as a leading blockchain oracle provider may reinforce market confidence. With a low starting point and signs of an emerging bullish pattern, the coming months could be pivotal for Chainlink’s performance against Bitcoin.
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