Chainlink (LINK) is generating considerable interest from traders and analysts, with its price nearing a key technical level. Crypto analyst Michaël van de Poppe highlights the potential for a breakout in LINK/BTC, suggesting an upside of over 419%. This follows a long downward trend since August 2020, resulting in a significant price drop from around $0.0018 BTC to lows below $0.00004647 BTC. The chart reveals several accumulation phases without successful breakout attempts over the past three years. Despite these challenges, Chainlink has shown resilience with price recoveries within these ranges. Currently, LINK/BTC is consolidating near its historical support zone. If it surpasses the 0.0004480 BTC resistance level, further targets are set at 0.0006721 and 0.0009750 BTC. This would represent a substantial increase from current levels, according to the analysis.