- Bitcoin tumbles to $69,000 price from the $73,000 price range.
- Altcoins continues to show bullish momentum despite Bitcoin’s tumble.
- JasmyCoin (JASMY) shows pump indicator to $0.35 price target.
Bitcoin recently dipped from its sideways movement around $73,000 to a higher low of $69,000 as it attempts to reclaim its previous ATH of $73,700. While some traders are frustrated by the pullback, more experienced traders are encouraged by Bitcoin’s pattern of setting higher lows and higher highs, inching closer to its past ATH.
Despite the recent dip, many analysts expect a major breakout for Bitcoin (BTC) where the pioneer crypto asset will likely shoot to hit new ATHs in the coming months. In particular, the expectations for BTC to hit new ATHs in Q4 are especially high. These predictions go from a BTC high of $100,000 to $150,000.
Bitcoin Dip Does Not Affect Altcoin Bull Expectations
Additionally, some analysts expect a bull cycle peak BTC price between $220,000 to $550,000. This bullish expectation extends to altcoins as well. Specifically, several altcoins have already begun to pump in price. For instance, FET, JUP, and SUI have begun to hit new highs while others like ADA, SHIB, and XRP show strong indicators for potential gains, closely following Bitcoin’s lead.
JASMY Pump Expectations Unfazed
As we can see from the post above, one altcoin in particular is being closely watched by many prominent crypto analysts. The asset known as the Bitcoin of Japan, JasmyCoin (JASMY), is showing many bullish indicators from a cup and handle formation to strong support formations.
https://x.com/zigasjay/status/1851921764021866521
If JASMY goes on to hold support, the altcoin will likely experience a potential breakout. As the post above mentions, JASMY price could reach $0.35 from its current $0.017 price, according to CoinMarketCap analytics. Other analysts expect JASMY to reach its previous ATH price during the peak of the bull run phase.
The post JASMY Price Aims for Next Target $0.35 Which Could Lead to Reclaiming the Altcoins Previous ATH Price appeared first on Crypto News Land.
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