Benzinga – by Bibhu Pattnaik, Benzinga Staff Writer.

Recent predictions from a prominent crypto analyst suggest that Bitcoin (CRYPTO: BTC) is poised for a significant rally, with Chainlink and Avalanche also showing bullish signs.

What Happened: Bitcoin, the premier digital currency, is currently hovering around $26,888 at the time of writing. Yet, the crypto strategist known as Altcoin Sherpa anticipates a swift ascent for Bitcoin, foreseeing its return to its record peak of roughly $69,000.

This projection indicates a potential surge exceeding 150%. “BTC to ATH is inevitable, don’t fight it,” Altcoin Sherpa said in an X post on Friday.

Also Read: Crypto Analyst Says Bitcoin Bull Market Is On The Horizon: ‘This Is The Beginning’

Dont get lost in the lower time frame charts and all of the noise. $BTC to ATH is inevitable, don’t fight it. pic.twitter.com/Li4i9jovfR

— Altcoin Sherpa (@AltcoinSherpa) October 13, 2023

Shifting focus to Chainlink (CRYPTO: LINK), Altcoin Sherpa said that the blockchain oracle network has been consolidating for an extended period, spanning over 500 days.

He said he envisions an impending breakout and recommends investors to strategically enter the market between $5 and $7, while eyeing initial bids near the $6.80 mark. Presently, LINK stands at $7.27.

On the other hand, Avalanche (CRYPTO: AVAX), which is considered a rival to Ethereum, is priced at $9.17. The analyst said he holds a bullish stance on its trajectory, forecasting a rise surpassing 14% in the coming weeks. He pinpointed a resistance level at $9.79, which could be followed by a slight pullback before propelling toward an estimated $10.50.

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Now Read: Crypto Expert Warns Of $440 Billion Wipeout, Shares Concerning Prediction About Bitcoin

Photo: Shutterstock

© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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