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Chainlink Bullish Signal Stands Firm, But Bitcoin Is Calling The Shots
CRYPTOWZRD noted in a recent update on X that Chainlink ended the session with a bullish close, hinting at potential further gains ahead. However, the analyst emphasized that Bitcoin will ultimately dictate the move. Keeping a close eye on the intraday chart, the expert mentioned that an early pullback could present a scalp opportunity, as long as Bitcoin aligns with the bullish outlook. Breakout Likely With Strong Daily Candles Breaking down his latest analysis, the trader explained that LINK’s daily candle officially closed bullish, marking a key technical point in the current trend. Meanwhile, LINKBTC ended the session on a positive note, which adds weight to the bullish outlook for LINK in the short term. Related Reading: Chainlink Struggles At Key Resistance Level – $10 Support Back In Focus However, the analyst emphasized that more bullish daily closes on LINKBTC are needed to confirm momentum. A continuation of strength could lead to an impulsive breakout above the daily candle’s lower high trendline, igniting the next leg upward. A decisive move above the 0.000140 BTC resistance zone is expected to accelerate price action for LINK, giving bulls a clear signal to push higher. If momentum continues to build, LINK could rally toward the $16 resistance level, marking a major target for the current setup. For now, $12.50 remains a key support level on the daily timeframe and will act as a cushion if bearish pressure reemerges. Looking ahead, the analyst pointed out that Bitcoin and Bitcoin Dominance will remain the primary market drivers for Chainlink heading into the weekend. While maintaining a rational outlook, CRYPTOWZRD plans to monitor LINK’s intraday chart closely for any developing setups. Awaiting Chainlink Next Trade Setup In conclusion, CRYPTOWZRD emphasized that LINK’s intraday chart is showing signs of a bullish recovery, closely aligned with Bitcoin’s recent rebound. He expressed optimism that further upside is likely if current conditions persist, particularly if Bitcoin maintains its strength. Related Reading: Chainlink Holds Strong At $15.29 Support – Is A New Breakout Imminent? Despite the encouraging signs, CRYPTOWZRD noted that a temporary bearish pullback would be both natural and healthy within the current market context. Pullbacks often reset market conditions, providing better structure for stronger continuation patterns. He believes such a retracement could offer a favorable early entry point for long positions, especially for short-term or intraday traders looking to capitalize on the volatility. As the market continues to evolve, CRYPTOWZRD advises traders to wait for clear confirmation of the next trade setup before taking action. His statement emphasized that strategic patience will be key in identifying the most rewarding opportunities. For now, traders should track price behavior closely and prepare to act swiftly when the next valid entry signal presents itself. Featured image from Adobe Stock, chart from Tradingview.com
Bitcoin Historical Data Points To Imminent 62% Price Surge – Analyst
The Bitcoin market was recently subject to a significant price dip as a public feud between US President Donald Trump and the world’s richest man, Elon Musk, on Thursday negatively impacted the US financial markets. During this period, the premier cryptocurrency crashed by an estimated 5% from $106,000 to trade below $101,000. Interestingly, despite the short-term volatility, several key technical indicators now point to a potentially bullish setup. In fact, this latest pullback appears to complete a series of signals that historically precede major price rallies. Related Reading: Bitcoin Sees Negative Funding On Binance – A Classic Setup For A Short Squeeze? Bitcoin Set For Price Surge, First Target At $130,000 In an X post on June 6, a market expert with X username CrypFlow shares a bullish Bitcoin prediction amidst an ongoing price correction. Aside from sharp price decline in the past week, the BTC market has witnessed a steady price correction since the premier cryptocurrency achieved a new-all time high of $111,970 on May 22. However, CrypFlow states that this price retracement alongside a host of other technical indicators suggest that Bitcoin is setting to repeat its price rally from Q4 2024. The first indicator observed by the analyst in the chart above is the golden cross which occurs when the 50-day simple moving average (50SMA) crosses above the 200-day simple moving average (200SMA) in early June 2025. The golden cross is a common bullish indicator that signals a shift in market momentum and was last seen in November 2024. Furthermore, there is a Bitcoin price breakout above a long-standing purple downward trendline that originated in December 2024. This breakout also mirrors another move seen in early November 2024, when BTC breached the descending resistance that began in March 2024. The ongoing price correction represents the final indicator as Bitcoin also suffered an estimated 10% price fall in November falling from $74,500 to $68,500 before initially an explosive price rally. CrypFlow’s analysis suggests that if Bitcoin is repeating its price rally from Q4 2024, the premier cryptocurrency could produce a 62% price gain translating into potential targets around $170,000. However, the analyst has set a more conservative initial price target of $130,000, representing a 25% gain from current market levels. Related Reading: Musk Exits DOGE, Clashes With Trump—Dogecoin Gets Caught In The Crossfire Bitcoin Price Prediction At press time, Bitcoin trades at $104,850 after a 2.57% gain in the past day. Meanwhile, the asset’s daily trading volume has dropped by 19.59%. According to data from prediction site Coincodex, the general BTC market sentiment remains bullish despite a Fear & Greed Index of 45 which indicates Fear. The Coincodex analyst team are backing this market’s positivity with a price projection of $134,074 in five days and $155,864 in three months. Featured image from Getty Images, chart from Tradingview
Chainlink Bullish Signal Stands Firm, But Bitcoin Is Calling The Shots
CRYPTOWZRD noted in a recent update on X that Chainlink ended the session with a bullish close, hinting at potential further gains ahead. However, the analyst emphasized that Bitcoin will ultimately dictate the move. Keeping a close eye on the intraday chart, the expert mentioned that an early pullback could present a scalp opportunity, as long as Bitcoin aligns with the bullish outlook. Breakout Likely With Strong Daily Candles Breaking down his latest analysis, the trader explained that LINK’s daily candle officially closed bullish, marking a key technical point in the current trend. Meanwhile, LINKBTC ended the session on a positive note, which adds weight to the bullish outlook for LINK in the short term. Related Reading: Chainlink Struggles At Key Resistance Level – $10 Support Back In Focus However, the analyst emphasized that more bullish daily closes on LINKBTC are needed to confirm momentum. A continuation of strength could lead to an impulsive breakout above the daily candle’s lower high trendline, igniting the next leg upward. A decisive move above the 0.000140 BTC resistance zone is expected to accelerate price action for LINK, giving bulls a clear signal to push higher. If momentum continues to build, LINK could rally toward the $16 resistance level, marking a major target for the current setup. For now, $12.50 remains a key support level on the daily timeframe and will act as a cushion if bearish pressure reemerges. Looking ahead, the analyst pointed out that Bitcoin and Bitcoin Dominance will remain the primary market drivers for Chainlink heading into the weekend. While maintaining a rational outlook, CRYPTOWZRD plans to monitor LINK’s intraday chart closely for any developing setups. Awaiting Chainlink Next Trade Setup In conclusion, CRYPTOWZRD emphasized that LINK’s intraday chart is showing signs of a bullish recovery, closely aligned with Bitcoin’s recent rebound. He expressed optimism that further upside is likely if current conditions persist, particularly if Bitcoin maintains its strength. Related Reading: Chainlink Holds Strong At $15.29 Support – Is A New Breakout Imminent? Despite the encouraging signs, CRYPTOWZRD noted that a temporary bearish pullback would be both natural and healthy within the current market context. Pullbacks often reset market conditions, providing better structure for stronger continuation patterns. He believes such a retracement could offer a favorable early entry point for long positions, especially for short-term or intraday traders looking to capitalize on the volatility. As the market continues to evolve, CRYPTOWZRD advises traders to wait for clear confirmation of the next trade setup before taking action. His statement emphasized that strategic patience will be key in identifying the most rewarding opportunities. For now, traders should track price behavior closely and prepare to act swiftly when the next valid entry signal presents itself. Featured image from Adobe Stock, chart from Tradingview.com
Bitcoin Historical Data Points To Imminent 62% Price Surge – Analyst
The Bitcoin market was recently subject to a significant price dip as a public feud between US President Donald Trump and the world’s richest man, Elon Musk, on Thursday negatively impacted the US financial markets. During this period, the premier cryptocurrency crashed by an estimated 5% from $106,000 to trade below $101,000. Interestingly, despite the short-term volatility, several key technical indicators now point to a potentially bullish setup. In fact, this latest pullback appears to complete a series of signals that historically precede major price rallies. Related Reading: Bitcoin Sees Negative Funding On Binance – A Classic Setup For A Short Squeeze? Bitcoin Set For Price Surge, First Target At $130,000 In an X post on June 6, a market expert with X username CrypFlow shares a bullish Bitcoin prediction amidst an ongoing price correction. Aside from sharp price decline in the past week, the BTC market has witnessed a steady price correction since the premier cryptocurrency achieved a new-all time high of $111,970 on May 22. However, CrypFlow states that this price retracement alongside a host of other technical indicators suggest that Bitcoin is setting to repeat its price rally from Q4 2024. The first indicator observed by the analyst in the chart above is the golden cross which occurs when the 50-day simple moving average (50SMA) crosses above the 200-day simple moving average (200SMA) in early June 2025. The golden cross is a common bullish indicator that signals a shift in market momentum and was last seen in November 2024. Furthermore, there is a Bitcoin price breakout above a long-standing purple downward trendline that originated in December 2024. This breakout also mirrors another move seen in early November 2024, when BTC breached the descending resistance that began in March 2024. The ongoing price correction represents the final indicator as Bitcoin also suffered an estimated 10% price fall in November falling from $74,500 to $68,500 before initially an explosive price rally. CrypFlow’s analysis suggests that if Bitcoin is repeating its price rally from Q4 2024, the premier cryptocurrency could produce a 62% price gain translating into potential targets around $170,000. However, the analyst has set a more conservative initial price target of $130,000, representing a 25% gain from current market levels. Related Reading: Musk Exits DOGE, Clashes With Trump—Dogecoin Gets Caught In The Crossfire Bitcoin Price Prediction At press time, Bitcoin trades at $104,850 after a 2.57% gain in the past day. Meanwhile, the asset’s daily trading volume has dropped by 19.59%. According to data from prediction site Coincodex, the general BTC market sentiment remains bullish despite a Fear & Greed Index of 45 which indicates Fear. The Coincodex analyst team are backing this market’s positivity with a price projection of $134,074 in five days and $155,864 in three months. Featured image from Getty Images, chart from Tradingview