The Latest Situation in Bitcoin and Chainlink Markets

Bitcoin continues to trade below the $69,000 resistance, and investors’ interest in altcoins seems to be decreasing. This is particularly due to the low demand in the spot ETF market despite the Bitcoin halving and the pessimistic macroeconomic outlook. Chainlink Developments and Market Situation Chainlink (LINK) aims to access a trillion-dollar market by collaborating with major players in real-world assets (RWA). Chainlink is a pioneer in price feeds in the DeFi sector and has integration with many major assets. However, while Chainlink’s long-term outlook is positive, there is a double-digit downside risk in the short term. The Chainlink price is trading at $17.3, indicating potential ongoing losses. Chainlink Price Predictions and Possible Scenarios Technical analysis predicts a possible downside for Chainlink. Formations, especially the formation of head and shoulders, indicate further downturns. With closures below the $17.85 neckline, the price is expected to drop to $14.02. However, positive expectations in […]

The Latest Situation in Bitcoin and Chainlink Markets

Bitcoin continues to trade below the $69,000 resistance, and investors’ interest in altcoins seems to be decreasing. This is particularly due to the low demand in the spot ETF market despite the Bitcoin halving and the pessimistic macroeconomic outlook.

Chainlink (LINK) aims to access a trillion-dollar market by collaborating with major players in real-world assets (RWA). Chainlink is a pioneer in price feeds in the DeFi sector and has integration with many major assets. However, while Chainlink’s long-term outlook is positive, there is a double-digit downside risk in the short term. The Chainlink price is trading at $17.3, indicating potential ongoing losses.

Technical analysis predicts a possible downside for Chainlink. Formations, especially the formation of head and shoulders, indicate further downturns. With closures below the $17.85 neckline, the price is expected to drop to $14.02. However, positive expectations in the medium and long term and investors avoiding panic selling could contribute to the recovery of the price.

Useful Information for Readers

Despite the Bitcoin halving, investors’ interest in spot Bitcoin ETFs remains low.
Chainlink is a platform that leads in price feeds in the DeFi sector and collaborates with major assets.
In the short term, there could be a double-digit decline in Chainlink’s price, and technical indicators support this downturn.
The head and shoulders formation of Chainlink indicates a potential drop to $14.02.
Investors’ avoidance of panic selling is expected to contribute to the recovery of Chainlink in the medium and long term.

In conclusion, while the Bitcoin and Chainlink markets remain under pressure in the short term, optimistic expectations continue in the medium and long term. It is recommended that investors make their decisions carefully based on market data and technical analysis.

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how to buy crypto?
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