Chainlink's Bull Run Has Begun

Trader Michael van de Poppe Says Bull Market for Chainlink (LINK) Has Started, Updates Outlook on Bitcoin

Renowned trader and market analyst Michael van de Poppe has announced that he believes the bull market for Chainlink (LINK) has officially started. In a recent tweet, van de Poppe stated that the cryptocurrency has broken out of a long-term descending trendline and is now poised for significant gains.

According to van de Poppe, the breakout above the trendline is a strong indication that the market is shifting in favor of LINK. He noted that the cryptocurrency's price action is now aligning with the broader market trend, which suggests that LINK is likely to continue its upward momentum.

Van de Poppe's updated outlook on LINK comes after the cryptocurrency's price surged by nearly 20% over the past week. The surge has brought LINK's price back above the $20 mark, marking a significant milestone for the cryptocurrency.

In addition to his bullish outlook on LINK, van de Poppe also updated his outlook on Bitcoin (BTC). According to van de Poppe, the market is currently in a "consolidation phase" and is unlikely to make any significant moves in the short-term. However, he noted that the cryptocurrency's price action is still bullish in the long-term and that he expects BTC to continue its upward trend once the market reaches a new level of maturity.

Overall, van de Poppe's updated outlook on LINK and BTC suggests that the cryptocurrency market is poised for continued growth and volatility in the coming weeks and months. As always, traders and investors are advised to do their own research and due diligence before making any investment decisions.