New Crypto Predictions Are Out: Chainlink (LINK) To See Massive Rally And Bitcoin (BTC) Gears Up for New Move

It’s been just revealed that there are new crypto prediciotns out. Check out the latest reports abut the price of Bitcoin and LINK.

It’s been just revealed the fact that the popular crypto analyst Kevin Svenson says that the leading decentralized oracle service Chainlink (LINK) is in for a big move when the altcoin markets wake up.

The analyst said that that LINK’s moving average convergence divergence (MACD) indicator is foreshadowing an unexpected upside spike.

Traders often keep a close watch on the MACD as it sometimes signals a potential reversal in trend.

Svenson stated the following:

“Chainlink monthly MACD indicator is about to have the first bullish cross up since the end of 2020.

I’m long AF.

LINK a surprise pump is coming.”

Svenson mentioned the fact that the hot memecoin Pepe (PEPE) will see a shift in capital flow from it to the larger crypto assets like Bitcoin (BTC) and Ethereum (ETH) could send the whole market flying.

“The crypto market performed strongly in Q1 2023, with the total market cap growing by 49% to $1.19 trillion. Bitcoin (BTC) rose 72% and closed at $28,440, while Ethereum (ETH) rose 53% and closed at $1,827,” the same online publication mentioned above revealed.

This upward trend was driven by multiple factors, including tightened monetary policies and the bank crisis.

On the other hand, there are a few indicators – such as increased outflows from stablecoins and capital outflows from exchanges – that show that this trend may not be sustainable.

An important crypto strategist is predicting an incoming rally for the altcoin markets. It’s also important to note the fact that he believes this move will likely be triggered by a Bitcoin (BTC) breakout.

Analyst Michaël van de Poppe said that he’s keeping a close watch on the OTHERS.D chart, which tracks how much of the total market cap of crypto belongs to large-cap altcoins.

One other issue that it’s worth mentioning is the fact that Van de Poppe sees OTHERS.D dropping in the short term as he believes Bitcoin will likely take out $30,000 first before altcoins can join the rallies.