End of Bear Market Approaching for Chainlink (LINK), Says Crypto Analyst – Here’s His Reversal Scenario

End of Bear Market Approaching for Chainlink (LINK), Says Crypto Analyst – Here’s His Reversal Scenario


Popular crypto analyst Michaël van de Poppe thinks the end of the bear market is near for decentralized oracle network Chainlink (LINK) and other struggling altcoins.

In a new video update, Van de Poppe tells his 165,000 YouTube subscribers that Chainlink is down about 80% from its all-time high of $52.70, which it hit last May.

The crypto analyst notes those severe losses are common among altcoins, particularly those in the decentralized finance (DeFi) sector.

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“Some altcoins, especially in DeFi, are down 90%. It is likely that we’re going to have this downwards trend, but it’s also starting to feel likely that we’re getting close to the actual end of the bear market for altcoins…

We are getting close towards the phase where we are

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