- Bitcoin’s new ATH target allows altcoins to mirror its bullish frenzy.
- Ripple’s XRP price confirms a breakout on the chart.
- JASMY analyst expects $3 – $5 pump targets in play.
Bitcoin secured its latest ATH at $89,956.88 before a minor correction to $85,200 which led to a total crypto market dip of 3%. Shortly after BTC price pumped again to reclaim the $87,000 target. Presently, seasoned analysts are watching the Bitcoin price chart certain that another pump is inevitable.
In the last 2 weeks alone BTC price went from $73,000 to $89,000 setting a high precedent for Q4 expectations. Already expectations for Q4 were high with predictions of BTC price hitting $100,000 to $150,000 by the end of Q4. It seems that these predictions are now closer than ever.
If BTC could pump so much in 2 weeks, the likelihood of the pioneer crypto asset to hit 6-digit highs by the end of Q4 is just as strong. Presently, analysts expect BTC to experience another steady pump in the coming days and weeks which will have the asset break through the $90,000 resistance barrier and skyrocket to 6-digit figures.
Bitcoin Aims for Greater Targets
In light of Bitcoin’s latest ATH and its likelihood of hitting greater highs in the coming weeks, altcoins are showing strong indicators for major pumps following Bitcoin’s ascent. In detail, altseason could commence in Q1 which could trigger several new ATHs for altcoins in the weeks following Bitcoin’s next ATH.
XRP and JASMY Follow Bitcoin’s Lead
As we can see from the post above, some altcoins have already started to pump. In detail, the pioneer memecoin asset Dogecoin (DOGE) seems to just be getting started. According to the post above, the analyst highlights how historically, when the MVRV crosses 78%, it signals a market top for DOGE.
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He also adds that after today’s market correction, the MVRV has reset to 45.65%, suggesting that DOGE still has room to climb. Similarly, other bullish assets are showing promising signs of major pump action soon. The post above mentions XRP’s breakout confirmation while JASMY shows extended target predictions of $3 to $5.
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