Renowned cryptocurrency trader and analyst Michaël van de Poppe is feeling optimistic about a prominent blockchain oracle while discussing the potential future of Bitcoin (BTC) and Ethereum (ETH).

Van de Poppe, with a following of 722,000 on X, notes that Chainlink (LINK) is currently following a pattern against Bitcoin that has historically led to a significant rally of triple-digit percentage points.

“Similar price movements have resulted in a 150% surge in the second half of the year. I anticipate a similar outcome.”

Chainlink is currently trading at 0.0002254 BTC ($14.34).

Moving on to Bitcoin, the analyst suggests that Bitcoin may find support around the $63,000 – $65,000 range before starting an upward trend.

“We’re on the brink of a reversal.”

Bitcoin is currently trading at $63,580.

Regarding Ethereum, Van de Poppe observes that Ethereum is holding up well against Bitcoin despite the general decline in the crypto market.

As long as the ETH/BTC support level at around 0.05 BTC remains intact, Ethereum is expected to stay stable and poised for a bullish turnaround.

Ethereum is currently trading at 0.0546 BTC ($3,469).

In terms of the broader cryptocurrency market, Van de Poppe expresses his enthusiasm, stating, “I’m very excited about the future of crypto for the first time in many years. We’re seeing significant technological developments and breakthroughs in this cycle, which I believe will lead to widespread adoption soon. Get ready for the ride.”

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