Chainlink Poised for Major Reversal Against Bitcoin as Analysts Highlight Key Levels

LINK/BTC stabilized at 0.0001368 BTC support after years of decline, now trading near 0.0002239 BTC with recovery signs.

RSI rebound and sideways action indicate easing selling pressure, suggesting momentum change toward an early bullish cycle.

2.07M LINK withdrawn from exchanges in 48 hours, aligning with price gains from $18.39 to $27.64 before slight correction.

Chainlink is nearing a decisive trading point after years of underperformance against Bitcoin. Analysts now suggest the asset could be transitioning from a prolonged accumulation phase into an early recovery cycle

Michael van de Poppe emphasized that LINK has formed a higher low against BTC and recently started rallying, noting that the setup looks constructive for a longer term upward trend. Current market behavior shows both technical signals and on-chain activity aligning, raising focus on whether the asset can sustain strength above crucial levels.

Multi Year Decline and Stabilization

The LINK/BTC pair peaked near 0.0018 BTC in mid 2020, its historical high relative to Bitcoin. Following that peak, the asset entered a multi year decline that eroded most of its relative strength

LINK/BTC 1-week price chart, Source: Michael van de Poppe on X

However, the decline eventually stabilized at support zone around 0.0001368 BTC, where buyers have consistently entered the market. At present, LINK/BTC trades near 0.0002278 BTC,a modest gain of 2.52%

Analysts have noted 0.0001664 BTC as a key breakout target. A decisive move above this level could confirm a structural reversal, potentially leading to higher targets such as 0.00040 BTC.

Indicators Show Strengthening Momentum

Technical indicators also support the recent shift. The RSI has rebounded from oversold level and is now trending upwards, showing rising momentum. Alongside this rebound, the prolonged sideways action suggests a phase of capitulation has already occurred, with selling pressure easing and demand gradually strengthening.

This strengthens the view that LINK could be transitioning into an early bullish cycle against Bitcoin. Analysts stress, however, that losing the 0.0001368 BTC support would risk a continuation of the multi year decline.

Exchange Outflows Align and Price Recovery

According to analyst Ali, 2.07 million LINK tokens were withdrawn from exchanges within 48 hours. Broader data shows exchange balances falling from 200.81 million to 187.04 million tokens between late July and August 2025.

LINK holders chart, Source: Ali on X

During the same period, LINK’s price advanced from $18.39 to a peak of $27.64, before consolidating slightly near $25.73. These withdrawals align with upward surges, suggesting reduced supply pressure as tokens move off exchanges.

The combination of exchange outflows, technical stabilization, and renewed upward momentum has created a focal point for traders monitoring LINK’s performance against Bitcoin in the coming weeks.

The post Chainlink Poised for Major Reversal Against Bitcoin as Analysts Highlight Key Levels appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.