- Bitcoin (BTC) leads to a strong market recovery and a bullish swing.
- Altcoins rally behind BTC and JasmyCoin turns more bullish than before.
- Analyst says JASMY is going from 906x to 116x price spike this bull cycle.
The bull market seems back in full swing as the crypto market turns green. Bullish signals take over Bitcoin (BTC) and altcoins now that the German government has sold the last of their Bitcoin reserves.
With no more mass Bitcoin (BTC) dumping, the sentiment is slowly turning towards high price expectations. Amongst Bitcoin enthusiasts expecting $100,000 at the end of the year, many altcoin enthusiasts draw light to bullish signals for their favorite altcoins.
One of the most bullish altcoin projects, thanks to a very active community and team, is JasmyCoin (JASMY). This project is known as the Bitcoin of Japan and has shown extraordinary growth in terms of bullish partnership.
Working closely with the Japanese government, JASMY is also collaborating with Apple and many other incredible tech titans across the globe. Amidst these bullish announcements, One JASMY analyst and enthusiast shares his latest observation based on the JASMY price charts.
Specifically, this analyst expected JASMY to make a 906x towards the $2.9 price mark and above. Now, based on the latest market movements, the analyst says JASMY is on a bullish trajectory towards pulling a 116x instead.
$JASMY (JasmyCoin)'s 116X From Here
— JAVON:
The recent pullback in price may have done more justice for the longevity and intensity of this run as the RSI has reset to even healthier levels for growth while Prices maintained Higher Lows, confirming a Hidden Bullish Divergence… https://t.co/AtGgERCAi1 pic.twitter.com/HJaOACWvNmMARKS (@JavonTM1) July 12, 2024
:In detail, the analyst explains how the recent pullback in price may have done more justice for the longevity and intensity of this run. He also highlights that the RSI has reset to even healthier levels for growth while prices maintained higher lows, confirming a Hidden Bullish Divergence suggesting a full recovery and continuation of the preceding uptrend.
Lastly, he adds that this specific pattern can suggest an approximately +80% upside from here back to the $0.044675 areas and a continuation above, which can be a massive one towards the displayed $2.905 breakout target.
Ultimately, with this breakout target still in play and prices looking to be well in pursuit of it. JASMY price could make a rough +1,530% move towards since breaking out, another +11,520% upside from here to reach it through numbers, bullish patterns, and massive continuing waves up.
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