Chainlink Analysts Reveal LINK Bull Run Is Starting, Highlight Key Prices to Watch as It Begins to Outperform Bitcoin

Popular crypto analyst Michael van de Poppe predicts that Chainlink’s valuation remains low relative to Bitcoin, indicating it is early in LINKs bull run. In his recent tweet, van de Poppe notes that Chainlink is seeing great weekly price action and he expects a breakout from current ranges over the next 2-3 months.

Specifically, van de Poppe is watching a breakout in the LINK/BTC pair from the 0.000448 sats level. A break above this would target 0.000672 sats, representing a 50% upside. If LINK/BTC can break above 0.000672 sats, van de Poppe sets the next target at 0.000795 sats, which would represent another 18% upside.

So in total, van de Poppe’s targets represent potential upside moves of 50% and then 18% against Bitcoin if key breakdown levels are achieved in the coming months. With LINK lagging behind Bitcoin’s gains in recent years, this bullish outlook suggests Chainlink may be poised to outperform.

LINK Price Action Signals Continuation of Uptrend

The potential Chainlink breakout and bull run is further confirmed by LINK price analysis from crypto analytics firm altFINS.

Source: altFINS – Start using it today

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Their analysis shows Chainlinkconsolidating between $13 and $17 for 3 months before breaking out above $17 resistance. This breakout reached altFINS’ initial target of $20, representing an +18% gain. Now LINK could see continued upside towards $25 if it breaks above $21 resistance, signaling the uptrend resuming. If $21 fails, support around $17 would allow another entry to play a move back to $20.

altFINS identifies a clear technical uptrend for LINK across short, medium and long-term timeframes. As a leading oracle provider, Chainlink’s 150% gains since being highlighted by altFINS underscores the long-term benefit from asset tokenization trends.

So while Bitcoin chops sideways, analysts are calling for a Chainlink breakout that could lead to major outperformance if key support levels hold during any pullbacks along the way. Crypto investors may want to closely track the LINK price action as momentum builds in the charts.

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Vignesh Karunanidhi
Vignesh Karunanidhi

Seasoned crypto writer with deep passion for blockchain and cryptocurrency