- As Bitcoin (BTC) price continues to hold altseason prepares for its arrival.
- Analyst says altcoin will only occur once the 3W MACD crosses bearish.
- Altcoin JASMY’s last pullback hints at a major comeback.
Bitcoin continues to hold steady around $88,000 after recently hitting a new all-time high (ATH) of $93,434.36. This Q4 is lining up to be one of the most bullish so far with Bitcoin having pumped from the $73,000 range to over $93,000 within two weeks alone, fueling strong optimism that six-figure prices may be on the horizon in the coming weeks.
Bitcoin Season to Altseason Soon?
Many experienced analysts now project that Bitcoin could reach ATHs between $100,000 and $150,000 by the end of Q4, with long-term cycle targets as high as $220,000, $320,000, and even $520,000 as the bull run progresses, potentially into 2025. Currently, the Crypto Fear & Greed Index sits at ‘extreme greed’ with a score of 80.
This feature paired with the fact that the recent US Presidential election of pro-crypto candidate Donald Trump and the current trading environment, known as the ‘golden pocket’, further fuels bullish market sentiment. So much so that the expectations for altseason to commence soon have gained rapid momentum.
As we can see from the post above, this analyst expects altseason to start as soon as the 3W MACD crosses bearish. Once that happens, altcoin prices should start to pump rapidly and won’t come back to lower prices for a long time. He expects the market to remain in a FOMO state for several months.
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JASMY Pullback Hints at a Greater Comeback
While he states that the current market is just a taste of what is to come, several altcoins have already begun to print bullish indicators on their price charts. As we can see from the post above, JasmyCoin (JASMY) is one such token. The analyst says that everything since the pullback from $0.0445 looks to have been a strengthening process for higher JASMY prices.
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