As the $15 support has been broken, we expect the price to drop some more before staging a small bounce. Using the bounce, the price could confirm the break of the former $15 support and thus rally to $15 for a short term. After that, however, we expect the Chainlink price to fall to the next support. This is around $7.30, which is why a price loss of around 40% is conceivable. It could also be that the Chainlink price will not hold the support and will fall further. The next support, which is also stronger than $7.30, is around $4.58. This would be the end goal in our eyes.
The Chainlink course against Bitcoin has formed a descending triangle in the past. This triangle now appears to have broken out, so we expect price to target the triangle. This is located at around 8160 satoshis. With another support around 1483 satoshis, there is a chance that the price will turn as early as 1483 satoshis. However, we cannot say this at the moment. For this, the Chainlink course must first reach the first support.
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