Michaël van de Poppe, a well-known cryptocurrency trader and analyst, is sharing his optimistic outlook on a leading blockchain oracle, as well as discussing the potential future of Bitcoin (BTC) and Ethereum (ETH).

Van de Poppe, who has a following of 722,000 on the social media platform X, notes that the price action of Chainlink (LINK) against Bitcoin is currently displaying a pattern that has previously resulted in a triple-digit percentage rally.

He states, “A similar price pattern occurred in previous years, resulting in a 150% rally in the year’s second half. I’m expecting the same.”

Chainlink is currently trading at 0.0002254 BTC ($14.34).

Moving on to Bitcoin, the popular analyst suggests that the cryptocurrency may reach a bottom at around the $63,000 – $65,000 level before starting to rise again. He predicts that a reversal is on the horizon.

Bitcoin is currently trading at $63,580.

When it comes to Ethereum, Van de Poppe believes that it is showing resilience against Bitcoin, despite the ongoing downward trend in the crypto markets. He highlights that as long as the ETH/BTC support level around 0.05 BTC holds, Ethereum will be in a good position for a bullish reversal.

Ethereum is currently trading at 0.0546 BTC ($3,469).

In regards to the wider crypto market, Van de Poppe expresses his excitement for the future. He believes that this cycle will bring about significant technological advancements and breakthroughs, leading to mass adoption of cryptocurrencies.

He concludes by saying, “Pack your bags and just wait.”

Disclaimer: The opinions expressed by Van de Poppe and The Daily Hodl are not investment advice. Investors should conduct their own research before making any high-risk investments in cryptocurrencies or digital assets. Transfers and trades are done at the individual’s own risk, and any losses incurred are their responsibility. The Daily Hodl does not endorse the buying or selling of any cryptocurrencies or digital assets, nor is it an investment advisor. Please note that The Daily Hodl may participate in affiliate marketing.