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After ‘Massive Bounce’ From Bitcoin, Crypto Analyst Breaks Down Two Rebounding Altcoins

March 21, 2024

A widely followed crypto analyst is breaking down the digital asset markets after Bitcoin’s (BTC) latest rebound.

Digital assets analyst Michaël van de Poppe tells his 704,800 followers on the social media platform X that BTC’s latest move will help the king crypto continue to move upward.

“Massive bounce on Bitcoin initiating continuation here. 

I think we’ll be consolidating, and, given the strong bounce, have another run to the all-time high pre-halving.”

BTC is worth $66,417 at time of writing, up 4% in the last 24 hours but down 7% in the last week.

Next, Van de Poppe turns his attention to Chainlink (LINK). According to the analyst, the blockchain oracle is on its way up.

“Great retest on LINK, through which I think we’ll continue to move upwards from here.

The BTC pair is on a cycle low.”

LINK is trading for $18.61 at time of writing, up 6% on the day.

Finally, the analyst sets his sights on Sui (SUI), a blockchain built for fast settlements. According to the trader, the 56th largest crypto by market cap has more room to grow.

“Honestly, SUI has a great chart here.

Retests the previous breakout level at 2100 satoshis and provides a strong bounce.

I think that this one will continue showing strength in the coming period.”

SUI is worth $1.84 at time of writing, up almost 20% in the last 24 hours.

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Ongky Ady Widyanto