- Crypto Analyst Breaks Down Bitcoin (BTC), Chainlink (LINK) and Shiba Inu (SHIB) Rival Dogecoin (DOGE): A widely followed crypto trader believes that today and tomorrow’s price action for Bitcoin (BTC) are of major importance.
- Importance of GDP & PCE Numbers: According to the trader, the US’s personal consumption expenditure (PCE) and gross domestic product (GDP) numbers will determine BTC’s price action.
- Predictions on LINK, DOGE: The crypto analyst predicts that LINK is ready to explode while DOGE is headed toward $0.10.
Crypto Analyst Breaks Down Bitcoin, Chainlink and Dogecoin
A widely followed crypto trader believes that today and tomorrow’s price action for Bitcoin (BTC) are of major importance. Crypto analyst Michaël van de Poppe tells his 661,300 Twitter followers that BTC’s price action will be determined by the US’s personal consumption expenditure (PCE) and gross domestic product (GDP) numbers, both released today.
Importance of GDP & PCE Numbers
According to Van de Poppe, the GDP numbers came back more positive than expected. The trader expects BTC to rally if the PCE numbers are also positive. Still, Van de Poppe says that BTC is likely to take a step lower before taking another step up.
Predictions on LINK
Moving on to the blockchain oracle Chainlink (LINK), the crypto analyst predicts that LINK is primed to explode. “Let’s get going on LINK. Got filled on that retest. Now ready for $10,” he said.