NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Here’s Why This Crypto May Keep Pushing Higher Despite Weakness

Cole Petersen
Cole Petersen
5 years ago
2 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Following a brief selloff experienced yesterday, Chainlink has been able to post a strong recovery, with its ongoing rebound coming about in tandem with a bout of consolidation seen by Bitcoin and most other major cryptos.

This ongoing uptrend has come about despite the crypto flashing some signs of weakness on its high time frame chart, but analysts don’t believe that this weakness will result in a short-term decline until the crypto sets a new low.

As for how far this uptrend could extend in the near-term, one analyst previously noted that he believes it could ultimately result in a movement as large as 100% if it is able to break a key resistance level.

Chainlink Continues Pushing Towards Key Resistance

At the time of writing, Chainlink is trading up over 6% at its current price of $3.24, which marks a notable climb from daily lows of roughly $3.00 that were set yesterday when LINK incurred some intense selling pressure.

The rebound from these lows marks an extension of the upwards momentum that was incurred earlier this week when it began rallying from lows of $2.20.

This uptrend came about in tandem with that seen by Bitcoin and the aggregated crypto market, but LINK’s price action seen throughout the past couple of days has marked a firm outperformance of BTC and virtually all other cryptos.

As reported by NewsBTC yesterday, one analyst recently noted that it is possible that Chainlink rallies as high as $6.80 if Bitcoin shows further signs of bullishness.

This potential rally would mark an over 100% surge from its current price levels, although it is important to note that the same analyst does not believe the crypto would be a long-term buy at these levels.

LINK “Forgets to Retrace” as Analysts Remain Bull Biased 

Although it does seem logical that Chainlink would retrace as the aggregated crypto market shows signs of weakness, one analyst is noting that he remains bull-biased until the crypto sets lower-lows.

“Seriously guys, someone must of forgot to tell the Marines it was time to retrace. – up 40% since breaking ascending triangle – still marking higher lows. Highs are getting weaker, however bullish bias till a new low is marked,” Teddy, a popular crypto trader, explained.

Chainlink Crypto
Image Courtesy of Teddy

It is probable that Bitcoin’s mid-term trend will offer some guidance to altcoins like Chainlink, it’s possible that LINK’s macro bullishness will be enough to bolster it in the days and weeks ahead independent of BTC.

Featured image from Unsplash.
Tweet123Share214ShareSend
Cole Petersen
Cole Petersen

Cole Petersen

Cole is a cryptocurrency analyst based in Los Angeles. He studied at the University of California Irvine and has been interested in Bitcoin and the crypto markets since 2013.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Smart Contract Lock and CertiK Audit: The Driving Factors Behind $FUN’s Breakout

Web3 gaming’s FUNToken emerges with strengthened fundamentals following smart contract lock implementation and CertiK audit clearance. Trading at $0.009894 as...

News BTC 2 hours ago
Solana koers stijgt 12% in een week: golden cross wijst op $172

Solana koers stijgt 12% in een week: golden cross wijst op $172

De Solana koers laat de afgelopen dagen weer interessante bewegingen zien. SOL laat de top 10 crypto’s achter zich en...

Lars Diederiksen 2 hours ago
암호화폐 스타트업, 지난달 11.5억 달러 자금조달… 다음 ‘ICO 대박주’는 BTC불?

암호화폐 스타트업, 지난달 11.5억 달러 자금조달… 다음 ‘ICO 대박주’는 BTC불?

지난 달은 암호화폐와 웹3 업계가 강세를 보인 달이었다. 6월 한 달간 암호화폐와 웹3 분야 스타트업들이 총 140건의 투자 유치를 통해 11억 5000만 달러를 끌어모았다. 시장...

Soyeon Lee 2 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin

The Silent Bitcoin Accumulation: Public Companies’ Surprising H1 2025 Lead

Christian Encila 25 minutes ago

Ethereum Stagna: I Dati On-Chain Mostrano Accumulo da Parte delle Whale

clararosati 2 hours ago
Bitcoin Moves Up, Dogecoin Surges Above Key $0.17 Mark; Token6900 Set to Explode

Bitcoin Moves Up, Dogecoin Surges Above Key $0.17 Mark; Token6900 Set to Explode

Aaron Walker 2 hours ago

Premium Sponsors

Press Releases

  • 仮想通貨おすすめ|SPX6900のように急成長が期待される最新ミームコインプレセール

    ...

    6 minutes ago
  • 新しい仮想通貨|注目のプレセールが7月7日ローンチ前に800万ドル突破間近

    ...

    18 minutes ago
  • 仮想通貨おすすめ|キャシー・ウッドが2200%の急騰を予測する注目の1銘柄

    ...

    28 minutes ago
  • XRPの600%急騰を的中させた暗号資産トレーダーが、次は0.1ドル未満のミームコインで100倍の上昇を予測

    ...

    48 minutes ago
  • A perfect combination! ETHRANSACTION three-coin joint...

    2 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.