Van de Poppe Predicts Chainlink to Hit $11 in Shallow Bitcoin Low Sweep

Chainlink's price has been holding strong above its Bollinger band at $9.58, maintaining a bullish bias in its 4-hour structure. The EMA50 support level is at $8.74 and EMA200 at $8.34, with the RSI at 73.48 indicating overbought conditions and the MACD showing a golden cross at 0.24.

This suggests that the price may retrace towards the 50-EMA before continuing its upward trend. Michaël van de Poppe believes that if Bitcoin only experiences a shallow low sweep instead of a significant drop to $61,000, Chainlink's price could reach $11.

Van de Poppe also suggests ideal long entry points for traders at $9.20 or deeper at $8.60 during any market crash scare. This would allow traders to ride the measured move higher.