- Bitcoin maintains its steady path to reclaim its previous ATH.
- As BTC aims to hit its next ATH target altcoins surge bullishly.
- JASMY, ROSE, and ALGO all indicate strong bullish signals.
Bitcoin is steadily climbing back toward its previous ATH of $93,000 following a brief dip. After trading around $91,000 yesterday, the pioneer crypto asset now sits at $92,000, edging closer to its previous peak. This upward momentum is amplifying market optimism for a new ATH on the horizon.
Bitcoin Prepares to Hit Next ATH Target
One well-known crypto analyst predicts that Bitcoin's next ATH will likely fall between $96,000 and $98,000. Furthermore, the analyst foresees Bitcoin breaking the six-figure mark, potentially surpassing $100,000—a milestone that has long been anticipated by the crypto community.
The ongoing bullish momentum in Q4 continues to drive gains for both Bitcoin and altcoins. With September and October closing on a positive note, expectations for an even more prosperous November and December are growing stronger as Bitcoin approaches new heights. Adding to the bullish sentiment is the decreasing availability of Bitcoin on exchanges.
Analysts suggest that this decline could trigger a significant supply shock, driving prices higher as demand outpaces supply. This scenario is not only boosting confidence in Bitcoin's future performance but also generating excitement for an impending altseason, as altcoins typically follow Bitcoin's lead during such market conditions.
Altcoins JASMY, ROSE, and ALGO Bullish
To highlight, JASMY, ALGO and ROSE are three popular altcoins gaining a lot of attention for their very potent bullish indicators. As we can see from the post above, JASMY bears could be on their last stand which means a tilt to the pump side may occur soon for JASMY. Another analyst believes $1 target is closer than ever for ALGO.
Similarly, the post above shows highly bullish signs for Oasis Protocol’s ROSE to pump in the peak of the bull run phase as well. Indeed, the ongoing bull cycle seems to be heading towards a very bullish phase for Bitcoin and altcoins alike. Analysts expect new ATHs for a number of altcoins in the coming months.
The post JASMY, ALGO, and ROSE Stand as Highly Potent Altcoins Preparing for Parabolic Surges in Altseason appeared first on Crypto News Land.