Chainlink (LINK): Can it significantly surpass Bitcoin in 2025 and reach new bull market highs?

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As Bitcoin breaks through $95,000 and the cryptocurrency market enters a recovery phase, Chainlink (LINK) is also preparing for a new round of increases. Analysts predict that Chainlink will outperform Bitcoin, leading to a surge in LINK holdings, suggesting it will capitalize on inflows and initiate a bullish rebound.

Chainlink is currently the 13th largest cryptocurrency, with a market capitalization of $14 billion, rising over 10% in the last 24 hours, trading above $22. Analysts believe that Chainlink is likely to reverse its target and break through the $30 barrier. Although short-term pullbacks may occur, the bullish trend continues, with LINK's market price approaching $22.02 after recovering the 50-day EMA, with support levels at $21.11, $18.36, and $16.20.

Analysts are optimistic about Chainlink's future

Renowned analyst Michaël van de Poppe has given a positive forecast for Chainlink, believing that LINK will initiate a new upward trend after breaking through the key resistance level of 0.0004480 BTC. The upward potential for Chainlink is substantial, potentially forming higher highs and higher lows.

Growth in Chainlink holdings

Over the past year, the number of Chainlink token holders has increased, boosting holder confidence, with significant growth in whale holdings. Chainlink investors may see sustained growth in 2024. This trend further confirms Chainlink's bullish potential for the future.

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