- Bitcoin breaks through the $68,000 price target and altcoins reflect the bullish rally.
- Injective (INJ) is showcasing a strong bullish divergence pattern.
- This could take INJ price to $50 region and hints at an ATH target of $380.
The crypto market is preparing to enter the promised and highly expected bullish spark of Q4. Every Bitcoin Halving year Bitcoin price has pumped parabolically in Q4 followed by a glorious altseason in Q1. With September closing in a strong green signal, expectations for an even stronger green close for Q4 is highly anticipated.Â
Bitcoin Rally Pushes Crypto Market to Greed
Presently, the price of Bitcoin has been turning towards the bullish end of its steady sideways movement. Most recently, the pioneer crypto asset broke into the $68,000 price range further fueling bullish sentiments for Q4. This pump has pushed the Crypto Fear & Greed Index to a greedy score of 73.Â
This gradual bullish movement for Bitcoin (BTC) at the start of Q4 is heightening bullish expectations for altseason as well. Strongly supporting the sentiment are altcoins themselves. So far, many altcoins like SUI and FET have already begun to pump significantly in price.Â
Altcoin Injective (INJ) Chart Shows $380 ATH PotentialÂ
Meanwhile, other altcoins like Ripple’s XRP, VET, SHIB, DOGE, JASMY and many other popular altcoins have begun to print bullish signals on their price charts. From hidden bullish divergence patterns to cup and handle formations and tightening bollinger bands, the expectations for parabolic altcoin pumps grow stronger.Â
https://x.com/JavonTM1/status/1847064586660221192
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In the spotlight at the moment in Injective (INJ). According to the analyst above, the asset is still holding a major hidden bullish divergence that suggests over a 135% price return back into the $50 price range. This would mean that INJ price would be well above a key, $21.6541377 target level. More so, a break above that level brings into play a full logarithmic follow-through to $380.
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