A highly regarded crypto trader suggests that Bitcoin, Chainlink, and an Ethereum rival are likely preparing for significant upward movements in the market. In a recent post, the analyst emphasized that, based on historical patterns, Bitcoin still has significant room for growth, possibly extending for another 500 positive trading days.

Bitcoin is currently priced at $61,486, showing a 2.4% decrease over the last 24 hours. Moving on, the trader points out that Chainlink seems to be in a consolidation phase that could potentially lead to a substantial breakout, highlighting its unique pattern of extended consolidations followed by rapid price increases.

Chainlink is currently trading at $13.83, down almost 3% in the past 24 hours. Additionally, the trader forecasts that the Ethereum competitor, Solana, may experience a drop below an upward trendline, reaching the $120 range before setting a bearish trap. Following this dip, Solana is expected to initiate a significant bullish trend, surpassing the $230 mark.

Solana is currently trading at $141.51, showing a 6% decrease over the last 24 hours.