Popular crypto analyst Michael van de Poppe confirmed his words that the current Chainlink (LINK) price represents a rare once-in-a-lifetime opportunity for investors.
So far, so good for Chainlink. A price of $6 to $8 is a unique opportunity.
Chainlink LINK’s current price is $7.83, which makes the crypto-asset the 23rd largest market capitalization. According to the trader, the position of the token is strengthened by the potential rally of the main cryptocurrency bitcoin in the fourth quarter of this year.
It is time for a slight rebound in DXY [U.S. Dollar Index] and a correction in the cryptocurrency markets.
More importantly, I expect bad unemployment data on Friday, after which the indices should continue to rise. A bitcoin rally in the fourth quarter is just around the corner.
Van de Poppet expects markets to react positively to unemployment and jobless claims data.
Slowly but surely the U.S. economy is following the rest of the world. We are seeing the biggest job shortage in 15 years. The ISM PMI [Purchasing Managers Index] shows the worst reading since June 2020. Markets are reacting positively as gold and silver rise. Bitcoin is also close to a big breakout.
As for the future price of BTC, the trader predicts consolidation and an early rise to the next resistance level at $22,400.