- Bitcoin price continues to climb towards the $65,000 level once again.
- This bullish Bitcoin sideways movement has fueled sentiments for a bullish altseason.
- Assets like JASMY are preparing for a major pump having turned into a bullish trend.
Bitcoin’s movement towards reclaiming $65,000 once again has turned many bearish coins into bullish coins. This positive sentiment is steadily taking over the crypto market as more analysts step up to share even more bullish BTC cycle top predictions than before. BTC was set to hit $220,000, now analysts expect it to go higher.
JASMY and Altcoins Turn Bullish For Q4
With Q4 of 2024 just around the corner, and an expectation for a bullish altseason ahead, analysts expect green months ahead as a Bitcoin Halving year. To support this bullish trend, many altcoins are loading bullish indicators on their price charts. Some assets like VET, SUI, and FET are already on the rise. Assets like LINK are hovering close to their previous ATHs.
In detail, the Bitcoin of Japan, JasmyCoin (JASMY) has switched from a bearish to a bullish trend. The asset just broke out of a falling wedge pattern. This fueled by a greed sentiment based on the Crypto Fear & Greed Index has further raised expectations for a bullish coming months for BTC and altcoins like JASMY.
Analyst Expects Short Squeeze for JASMY
As we can see from the video post above, the JASMY enthusiast and crypto analyst Steph is Crypto takes a moment to walk traders through the currency market. Presently, he expects more of a short squeeze to appear for JASMY due to liquidations. He expects some volatility still for JASMY, however, he remains highly bullish for the long term.
According to this analyst, JASMY will pump to $0.6 as a major resistance mark and could then pump further. While this remains his long-term expectation, he draws attention to what traders should watch now which is a major support level at $0.021 for JASMY.
The post JASMY Chart Switches From Bearish to Bullish Trend on the Daily Chart an BTC Price Climbs Upward appeared first on Crypto News Land.