After Massive Bounce From Bitcoin, Crypto Analyst Breaks Down Two Rebounding Altcoins

A widely followed crypto analyst is breaking down the digital asset markets after Bitcoin’s (BTC) latest rebound.

Digital assets analyst Michal van de Poppetellshis 704,800 followers on the social media platform X that BTC’s latest move will help the king crypto continue to move upward.

“Massive bounce on Bitcoin initiating continuation here.

I think we’ll be consolidating, and, given the strong bounce, have another run to the all-time high pre-halving.”

Source: Michal van de Poppe/X

BTC is worth $66,417 at time of writing, up 4% in the last 24 hours but down 7% in the last week.

Next, Van de Poppeturnshis attention to Chainlink (LINK). According to the analyst, the blockchain oracle is on its way up.

“Great retest on LINK, through which I think we’ll continue to move upwards from here.

The BTC pair is on a cycle low.”

Source: Michal van de Poppe/X

LINK is trading for $18.61 at time of writing, up 6% on the day.

Finally, the analyst sets his sights on Sui (SUI), a blockchain built for fast settlements. According to the trader, the 56th largest crypto by market cap has more room to grow.

“Honestly, SUI has a great chart here.

Retests the previous breakout level at 2100 satoshis and provides a strong bounce.

I think that this one will continue showing strength in the coming period.”

Source: Michal van de Poppe/X

SUI is worth $1.84 at time of writing, up almost 20% in the last 24 hours.

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Featured Image: Shutterstock/Ongky Ady Widyanto

This article was originally reported on The Daily Hodl.