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: Bitcoin Price Slips Below $108,000: Peter Schiff Anticipates ‘Brutal’ Bear Market, CZ Responds
  • 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: Bitcoin Price Slips Below $108,000: Peter Schiff Anticipates ‘Brutal’ Bear Market, CZ Responds

Great Time For LINK Rally, Hints Analyst As Price Rebounds 20%

Yashu Gola
Yashu Gola
5 years ago
2 mins read
Great Time For LINK Rally, Hints Analyst As Price Rebounds 20%

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.

The analyst who correctly predicted a major drop in the LINK price earlier this September had eased his bearish bias on the cryptocurrency.

Per the pseudonymous entity, LINK/USDT is in the middle of confirming a bottom after plunging by almost 63 percent from its YTD/record top at $20. The said downside move brought the pair inside what appears to be a reliable support range.

The analyst highlighted the area in his latest tweet as he made a cautious bullish prediction.

LINK, Chainlink, crypto, DeFi, decentralized finance
LINK/USDT is looking to establish a price floor as per Lomah Crypto. Source: TradingView.com
LINK/USDT is looking to establish a price floor as per Lomah Crypto. Source: TradingView.com

“Pretty obvious [support] here which kinda worries me,” the analyst tweeted. “But whatever, assuming that the low is set and we get a (larger) move up in the mid-term.”

He expected LINK/USDT to attempt a sharp bounce back from the $7-8 range. The analyst further hoped that the pair would retrace to as high as $12.90 – if it manages to close below a string of short-term upside targets, as shown in the chart below.

“I think LINK would find some relief after running weekly support,” he added.

Green Among Reds

The analyst’s statements followed a relief rebound in the LINK market in the running week. The DeFi token surged by more than 20 percent after forming a low at $7.31. As of today, it was trading by as much as $8.99.

LINK’s rebound appeared despite a market-wide bearish sentiment. The top cryptocurrency, Bitcoin, for instance, plunged 0.5 percent in a seesaw trading session Thursday.

Its choppy view left altcoins in a similar state, with the second-largest crypto Ethereum plunging by more than 1 percent, as well.

In the same timespan, LINK was up more than 6 percent. It was the only high-cap cryptocurrency in the green while the rest tumbled.

LINK, Chainlink, crypto, DeFi, decentralized finance
LINK posted positive returns on Thursday while others plunged. Source: Messari
LINK posted positive returns on Thursday while others plunged. Source: Messari

The standalone upside performance excited other analysts as well. Koroush AK, a Bengaluru-based market analyst, said that it is a “great time” for traders to enter the LINK market from a medium-term perspective.

“Heck, I’m going to do it publicly like I’ve done with BTC since early this year,” he added.

Dissenting LINK Outlooks

LINK also received some skepticism from other prominent daytraders and analysts.

A prominent yet pseudonymous trader noted that LINK was bouncing off ahead of testing its 200-day moving average support. Nevertheless, he also anticipated the DeFi token to continue its downtrend below the said price floor, stating that the price could fall to $7.

$LINK

200DMA incoming although remember that if BTC isn't finished correcting, it won't care about LINK's MA's. https://t.co/SdmGry4i3Y pic.twitter.com/XIHmSfNJvS

— Posty (@PostyXBT) September 24, 2020

Another analyst added that LINK has not bottomed yet, also expecting the token to test $7 before deciding on his next market bias.

Tweet123Share196ShareSend
Yashu Gola
Yashu Gola

Yashu Gola

Yashu Gola is a Mumbai-based finance journalist. He is profoundly active in the bitcoin space since 2014 – and has contributed to several cryptocurrency media outlets, including NewsBTC, FxDailyReport, Bitcoinist, and CCN.

Read more

Academically, Yashu holds a bachelor's in information technology, with majors in data structures and C++ programming language. He has also won the 'Atulya Award' for his efforts towards raising $100,000 for an India-based farming project.

Close

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

Ethereum breakout? Tom Lee ziet $5500 tot $12.000 in Q4 2025

Legendarische trader Tom Lee voorspelt $5000 ETH koers – altseason timing

De bekende Wall Street veteraan Tom Lee, oprichter van onderzoeksbureau Fundstrat Global Advisors, heeft opnieuw voor beweging gezorgd in de...

Lars Diederiksen 4 hours ago
비트코인 하이퍼, 고래 대량 매집에 힘입어 2,400만 달러 돌파 눈앞

비트코인 하이퍼, 고래 대량 매집에 힘입어 2,400만 달러 돌파 눈앞

핵심 요약 비트코인, 다시 10만 달러 선에 근접하며 하락세 장기적으로는 비트코인 회복 전망 뚜렷해 비트코인 하이퍼, 확장성 문제 해결할 레이어2 솔루션으로 주목 $HYPER 사전...

Soyeon Lee 4 hours ago
Bitcoin and XRP

Economist Explains The Reality Behind XRP Price Reaching $100,000, It Can’t Overtake Bitcoin

Economist and former forex analyst Moonchaser is explaining why expectations of the XRP price reaching $100,000 are not realistic. According...

Sandra White 5 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

Ethereum news

Analyst Sounds Alarm: Ethereum Could Unwind To $2,850

Jake Simmons 51 minutes ago
XRP

Pundit Outlines The Possibility Of The XRP Price Getting To $1,000

Scott Matherson 2 hours ago
Best Crypto to Buy as Blockchain.com Plans SPAC Listing: Market Explosion Soon?

Best Crypto to Buy as Blockchain.com Plans SPAC Listing: Market Explosion Soon?

Aaron Walker 4 hours ago

Premium Sponsors

Press Releases

  • シバコイン 今後の価格予測:大口投資家が買い増しを加速、回復基調が続き0.0000235ドル突破への勢い

    シバコイン...

    5 hours ago
  • イーサリアム 今後の展望:10億ドル規模のETH信託設立が市場に楽観ムードをもたらす

    イーサリアム...

    5 hours ago
  • ビットコイン 今後の動向:11万ドルを下回る中で進む機関投資家の買い集め

    ビットコイン...

    5 hours ago
  • パイネットワーク 価格予測:上昇期待が高まる中、次世代ビットコイン系プロジェクトはより有望な選択肢か?

    パイネットワーク...

    5 hours ago
  • ドージコイン 今後の予測:Gemini AIが示す、新世代ミームトークンの台頭

    ドージコイン 今後の予測:Gemini...

    5 hours ago

Newsletter

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.