dailyhodl.com
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.