Widely-followed crypto strategist and trader Bitcoin Jack is expecting a final leg down before Chainlink (LINK) ignites a massive bull rally.
In a new Twitter post, the crypto analyst predicts that the decentralized oracle network will take one more dip to $8 before exploding 300%.
“Stinkbids on $LINK at $8 – $9 and accumulating some now around $10. Invalidation if price starts fucking around below stinkbids & will build more size if trend confirms. I think this is going to $28 – $32 on the next run.”
Source: Bitcoin Jack/Twitter
Chainlink was one of the hottest crypto asset this year after climbing to an all-time high of $19.85 on August 16th, according to CoinMarketCap, on the way to becoming the fifth-largest cryptocurrency. The token has entered a vicious corrective period since, losing more than half of its value in less than a month.
Meanwhile, Bitcoin Jack is also keeping a close watch on BTC as it approaches a key resistance level. The trader is starting to take profits as he expects the crypto king to struggle around $11,400.
Delivery of target region & 60K followers at the same time
I appreciate it