- Bitcoin reacts bullishly to the highly-anticipated Fed rate cut announcement of 50 bps.
- DOGE and SHIB are both holding for a massive price breakout.
- JASMY prepares for a massive pump of 1,403% while SHIB could go up by 470%.
The crypto market reacts positively to the Fed rate cut of 50 bps as Bitcoin (BTC) price soars back up to reclaim the $62,000 price mark. As analysts rejoice over their accurate predictions on 0.5 rate cut and a bullish reaction for crypto amid stock market dips, many altcoins are also showing bullish signals to mirror that of Bitcoin (BTC).
In detail, many analysts already expected Bitcoin (BTC) to have a bullish surge after September. This is an expectation based on historical patterns. So far in every Bitcoin Halving year, Q4 has always seen massive green pumps for Bitcoin and crypto prices, often followed by the down months of August and September.
Altcoins Hold Strong for Major Bullish Breakouts
This bullish expectation is already seeping into the Bitcoin and altcoin price charts as many analysts are highlighting bullish signals. For instance, one analyst sees a Bullish Hidden Divergence pattern in the Bitcoin chart that could take the price of BTC to a $116,000 ATH target.
Meanwhile, another analyst seems to observe the completion of a major Cup and Handle pattern enfolding for Bitcoin (BTC). Similar bullish signals are loading for other popular altcoins as well, specifically for Ripple’s XRP, Cardano (ADA), Shiba Inu (SHIB), Dogecoin (DOGE), and JasmyCoin (JASMY).
JASMY and SHIB Prepare for 1,403% and 470% Pump
As we can see from the chart above, SHIB is holding a major breakout that could take the asset into a 470% pump. Once the breakout takes place a major upward movement is in store for SHIB. The analyst sees a similar pattern enfolding for DOGE, another asset holding out for a major breakout that could take DOGE price to $0.22 and $0.6.
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Finally, the analyst throws a spotlight on JASMY. The Bitcoin of Japan is expected to make major moves in the bull run phase of the ongoing crypto bull cycle. In particular, for JASMY, the analyst expects a pump of over 1,403%.
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