Story Highlights

  • Bitcoin Price Today: Bitcoin (BTC): Key Levels $30,300-30,500. A breakout above $31,000 is possible. A retest of lower supports is likely.

  • LINK Price: Strong at $8.09, with expansion expected if above that level.

  • XLM Price: The long entry opportunity is $0.14 and is currently trading at $0.163.

After a week of relatively sideways trading in the cryptocurrency market, prominent cryptocurrency analyst Michaël van de Poppe is taking a closer look at three major cryptocurrencies: Bitcoin (BTC), Chainlink (LINK), and Stellar (XLM). He shares his insights with his 660,100 Twitter followers.​

Let’s dive into his predictions and see what’s coming!

Bitcoin (BTC): Powerful Changes Are Coming

The king of cryptocurrencies, Bitcoin, is currently at a critical juncture. Van de Poppe believes that a potential breakout is imminent. The key level to watch is the $30,300 to $30,500 range. If Bitcoin is able to break through this resistance zone, we may see a significant boost to the entire crypto market. In this bullish scenario, Bitcoin may target the $31,000 mark. However, it is worth noting that Bitcoin may be tested again by lower support levels before making a decisive move.

As of this writing, Bitcoin is trading at $29,714, down 3% over the past week.

"Bitcoin is on the verge of a big move. Break out of $30,300-30,500 and we will see strength across the board."

But do you think a breakout above resistance is likely, or should we expect a retest of lower support levels? Well, it’s hard to guess given the current circumstances. However, Bitcoin has shown remarkable strength over the past six months, which could pay dividends for the asset in the long run.

Next up is Chainlink, a popular decentralized oracle network built on Ethereum that is showing exceptional strength. LINK is currently trading at $8.09 and has grown by an impressive 18% in the past 24 hours, with analysts believing there is even more potential for expansion. The key level to watch here is $8. If Chainlink manages to break above this level, we could see further bullish moves.

Stellar (XLM): Buying opportunity at $0.14

While discussing XRP’s main competitor, Stellar, the trader identified potential entry points for long trades. He suggested that the $0.14 price area could serve as a favorable entry point for those looking to take a long trade on this vibrant altcoin. Stellar is currently trading at $0.163, having gained 15% in the past 24 hours.

To sum up, the crypto market, especially Bitcoin, is at a critical juncture and major moves are expected soon. According to Michaël van de Poppe’s analysis, Chainlink appears ready to expand further, while Stellar offers an attractive entry opportunity for long trades at the $0.14 price level.