- Bitcoin maintains $68,000 level, signaling potential for a parabolic Q4.
- Crypto market sentiment rises, pushing the Fear & Greed Index to 73.
- VELO prepares for a parabolic 111x pump this bull cycle.
Bitcoin has surged past $68,000, maintaining its strength as analysts predict a potentially parabolic Q4. Many believe this will not only push BTC to new all-time highs but also lay the foundation for a bullish altseason, with several altcoins expected to follow suit and reach new peaks. The crypto market is gearing up for the highly anticipated bullish momentum of Q4.
Historically, during Bitcoin Halving years, Q4 has seen significant price increases for BTC, followed by a thriving altseason in Q1. With September closing on a strong positive note, the expectation for an even greener Q4 finish is rising.
Altcoins on the Rise as BTC Holds $68,000
Bitcoin’s recent climb to $68,000 has sparked renewed optimism, pushing the Crypto Fear & Greed Index to a score of 73, indicating a greedy market sentiment. This steady upward trend at the beginning of Q4 is fueling heightened expectations for an altcoin rally. Altcoins like SUI and FET have already experienced notable price surges, further supporting bullish sentiments.
Meanwhile, popular tokens such as XRP, VET, SHIB, DOGE, and JASMY are showing strong bullish signals on their charts. From hidden bullish divergences to cup-and-handle patterns and tightening Bollinger Bands, the technical indicators are aligning, hinting at significant price jumps for many altcoins as the market prepares for what could be an explosive season.
VELO Signals Bullish 111x Pump This Bull Run
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According to the post above, one analyst believes that phenomenal crypto gains are on the horizon for VELO holders. Based on the price chart for Velo Protocol (VELO) price is preparing to print a massive surge that can take the price of VELO on an uphill run to $1.6534 meaning a 111x and 11,404% price pump.
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