{"id":174165,"date":"2023-10-14T17:34:14","date_gmt":"2023-10-14T12:04:14","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=174165"},"modified":"2023-10-14T17:34:14","modified_gmt":"2023-10-14T12:04:14","slug":"crypto-analyst-says-its-inevitable-bitcoin-will-soar-by-over-150-updates-outlook-on-chainlink-and-avalanche-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/crypto-analyst-says-its-inevitable-bitcoin-will-soar-by-over-150-updates-outlook-on-chainlink-and-avalanche-crypto-news\/","title":{"rendered":"Crypto Analyst Says It\u2019s \u2018Inevitable\u2019 Bitcoin Will Soar by Over 150%, Updates Outlook on Chainlink and Avalanche &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p>A closely followed crypto strategist says that it is only a matter of time before Bitcoin (<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/currencies\/bitcoin\/\">BTC<\/a>) revisits its all-time high (ATH).<\/p>\n<p>Pseudonymous analyst Altcoin Sherpa <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/AltcoinSherpa\/status\/1712866516599800320\">tells<\/a> his 196,700 followers on the social media platform X that BTC will eventually soar and work its way back up its all-time high at around $69,000.<\/p>\n<p><em>\u201cDon\u2019t get lost in the lower time frame charts and all of the noise. <\/em><\/p>\n<p><em>BTC to ATH is inevitable, don\u2019t fight it.\u201d<\/em><\/p>\n<figure style=\"width: 2475px\" class=\"wp-caption alignnone\"><figcaption class=\"wp-caption-text\">Source: Altcoin Sherpa\/X<\/figcaption><\/figure>\n<p>Bitcoin is trading for $26,880 at time of writing and an increase toward its all-time high of $69,000 would be a more than 150% jump.<\/p>\n<p>Next up, the trader<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/AltcoinSherpa\/status\/1712804331747983704\"> says<\/a> that the blockchain oracle Chainlink (<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/currencies\/chainlink\/\">LINK<\/a>) has remained in an accumulation range for more than 500 days, but he predicts LINK will eventually break out.<\/p>\n<p><em>\u201cLINK: 500-plus days in accumulation and chop. This will fly one day. I think the best way to play this (for most investors) is to: <\/em><\/p>\n<ul>\n<li><em>DCA (dollar cost average) from $5-$7 (I know it\u2019s a huge range)<\/em><\/li>\n<li><em>Sit on this for as long as it takes and wait for the breakout of the range<\/em><\/li>\n<li><em>First bids could be $6.80-ish.\u201d<\/em><\/li>\n<\/ul>\n<figure style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"css-9pa8cd\" src=\"https:\/\/pbs.twimg.com\/media\/F8UaYeOWYAA5Zw_?format=jpg&amp;name=medium\" alt=\"Image\" width=\"1200\" height=\"592\" \/><figcaption class=\"wp-caption-text\">Source: Altcoin Sherpa\/X<\/figcaption><\/figure>\n<p>LINK is trading for $7.27 at time of writing.<\/p>\n<p>Lastly, the trader<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/AltcoinSherpa\/status\/1712799982330544164\"> says<\/a> Ethereum (<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/currencies\/ethereum\/\">ETH<\/a>) competitor Avalanche (<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/currencies\/avalanche-2\/\">AVAX<\/a>) is likely to increase by more than 14% from its current value in the midterm.<\/p>\n<p><em>\u201cAVAX: I think this is a buy-the-dip situation:<\/em><\/p>\n<ul>\n<li><em>Stars Arena coming back up\/hack money restored.<\/em><\/li>\n<li><em>Logical S\/R (support\/resistance) area, this is close to the point of origin.<\/em><\/li>\n<li><em>Expecting to get above $10 again in the mid-term.\u201d<\/em><\/li>\n<\/ul>\n<figure style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" loading=\"lazy\" class=\"css-9pa8cd\" src=\"https:\/\/pbs.twimg.com\/media\/F8UWbRvXUAAtEaa?format=jpg&amp;name=medium\" alt=\"Image\" width=\"1200\" height=\"592\" \/><figcaption class=\"wp-caption-text\">Source: Altcoin Sherpa\/X<\/figcaption><\/figure>\n<p>Looking at his chart, the trader seems to believe that AVAX will meet with resistance at the $9.79 level, dip slightly, and then rally to around $10.50.<\/p>\n<p>AVAX is worth $9.17 at time of writing.<\/p>\n<p><em><span style=\"font-size: 13pt\">Don&#8217;t Miss a Beat \u2013 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/join-the-daily-hodl-email-list\/\">Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em><br \/>\n<br \/>\n<em><span style=\"font-size: 13pt\">Check <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/crypto-markets\/\">Price Action<\/a><\/span><\/em><br \/>\n<br \/>\n<em><span style=\"font-size: 13pt\">Follow us on <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/TheDailyHodl\">Twitter<\/a>, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.facebook.com\/thedailyhodl\/\">Facebook<\/a> and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.me\/thedailyhodl\">Telegram<\/a><\/span><\/em><br \/>\n<br \/>\n<em><span style=\"font-size: 13pt\">Surf <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/daily-hodl-mix\">The Daily Hodl Mix<\/a><\/span><\/em><br \/>\n<\/p>\n<div class=\"hideinamp\">\n<p><a rel=\"nofollow noopener\" target=\"_blank\" class=\"maxbutton-4 maxbutton maxbutton-check-out-the-latest-headlines-bigger\" href=\"https:\/\/dailyhodl.com\/news\/\"><span class=\"mb-text\">Check Latest News Headlines<\/span><\/a><\/p>\n<p>&amp;nbsp<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"\" src=\"https:\/\/dailyhodl.com\/wp-content\/uploads\/2018\/06\/Get-Alerts-728x90.png\" width=\"800\" height=\"99\" \/><\/p>\n<h6>Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.<\/h6>\n<\/div>\n<p><em><span style=\"font-size: 10pt\">Generated Image: Midjourney<\/span><\/em><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>A closely followed crypto strategist says that it is only a matter of time before Bitcoin (BTC) revisits its all-time high (ATH). Pseudonymous analyst Altcoin Sherpa tells his 196,700 followers on the social media platform X that BTC will eventually soar and work its way back up its all-time high at around $69,000. \u201cDon\u2019t get [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":174166,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-174165","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/174165","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=174165"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/174165\/revisions"}],"predecessor-version":[{"id":174168,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/174165\/revisions\/174168"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/174166"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=174165"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=174165"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=174165"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}