Chainlink price analysis: Why the current bounce could be a trap

[00:00:00]But when I'm looking at the performance of a coin, it doesn't only make Well, it doesn't make sense to look at only the coin compared to US dollars. We also have to take a look at Link compared to the leader, to the boss, Link BTC. This chart is in a lifetime downtrend. Of course, there's a chance that at some point we see here a meaningful recovery, but let's be honest, there have always been periods where Link has outperformed Bitcoin.

[00:00:28]Um and first one, I mean, that the very first period was very much in the beginning, January '21 into May '21.

[00:00:36]Then we had May '22 into November '22, June '23 into February '24, October '24 into December '24, June '25 into August '25. So, there's usually every year [clears throat] a period, right? We haven't seen anything in 2026 yet, so I think that should still happen.

[00:00:56]Uh it might happen from somewhere in this region. I mean, we might see a locally lower low first before it happens, but um the idea is we could get another run that comes close to the upper trend line. There are various ways how these trend lines can be drawn. I'd say there's a good chance to at least reach the lower one, but what I do not see at this stage, and this is concerning, um that Link is really in a in an environment where it could outperform Bitcoin.