Analyst Updates Outlook On Chainlink, Predicts Altcoins To Crash Up To 50% If Bitcoin Breaks Below This Number – CryptoSaurus | CPT PPP Coverage
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Analyst Updates Outlook On Chainlink, Predicts Altcoins To Crash Up To 50% If Bitcoin Breaks Below This Number – CryptoSaurus appeared on cryptosaurus.tech by CryptoSaurus.
A popular crypto trader says that Chainlink (LINK) is less volatile than other altcoins and could be a safe investment in the coming days.
Alias ??Trader Altcoin Sherpa says his 192,300 twitter followers altcoins could drop as much as 50% if bitcoin (BTC) drops to the $21,000 range.
“Could see a flush below $21,000 if it breaks the current $23,000 low and it would be down 30%-50% from current levels IMO. [in my opinion], Happy to buy some strong ones at that point and rebalance my active trading positions. Some of them are going to be bitten in the coming days.”
crypto trader They say While it remains uncertain whether bitcoin will hold the $23,000 range, they are still planning to take profits from their altcoin holdings if it does not hold.
“This current move I plan to take a risk. I don’t know if this will test BTC lower if it retests and will happily buy more of these altcoins if necessary. Taking profits is never a bad thing. Not talking and I don’t know if we’re really in up-only mode right now.
Businessman They say Chainlink did not perform as strongly as other altcoins during the rally at the beginning of the year, but they also say that LINK has the potential to do better if the market starts to decline.
LINK: Coins like this tend to underperform many other alts but it’s usually going to be safer than those same altcoins in volatile market conditions. So it’s actually a very good option if you want long exposure. is good coin (relative to some of the alts already pumped).
Source: Altcoin Sherpa/Twitter
Chainlink is priced at $7.95 at the time of writing.
Merchant East Said Bitcoin could fall as much as 15%.
“Friendly reminder that BTC can still drop 15% or something in this type of uptrend and still be ‘okay’. I don’t think it’s over if we reach $21,000. On the other hand, Alts will get rekt.”
He noted Historically, bitcoin has experienced rallies and declines of about 15% to 20%.
“BTC: 1 thing to note is that high volatility doesn’t mean ‘it’s over’. Price could still drop 15%-20% from local highs and consolidate/higher There have been many cases in the past (especially in 2019) where this has happened.”
If Bitcoin Falls To $21,000, Crypto Traders They say They continue to predict that King Crypto will eventually run towards the $30,000 range.
“When people start yelling it’s over if it goes to $21,000….maybe they’re right. Or maybe it’s just consolidating before another run-up. Also believe we will eventually go to $30,000 in the medium term individually.”
Bitcoin is trading at $23,681 at the time of writing.
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