- Bitcoin price retreats to $98,000 – $99,000 price range.
- Analysts shift to altcoins as BTC price recedes.
- JASMY nears a major breakout zone indicating a 2x pump soon.
The price of Bitcoin is experiencing an unfortunate decline having broken from its hold of maintaining a 6-digit price. The price has now fallen to below the $100,000 price range bringing the Crypto Fear & Greed Index to a score of 71, an undeniable fall yet still keeping the market sentiment at ‘Greed’ levels.
Bitcoin’s Dip Shifts Focus to Bullish Altcoins
Many analysts expect the BTC price dump to turn into a bullish catapult to hit the next BTC ATH target set at $120,000. While they await this scenario to play out, investor focus switches to capable altcoins in the crypto market. Considering, the year is moving into the second month of Q1, expectations are high for the altcoin sector.
This is due to the fact that the peak of a bull cycle altseason has always arrived in Q1 following a Bitcoin Halving year. Thus, expectations for altcoins as we move into February will grow much stronger. So far, many altcoins have already set new ATHs while others show constant bullish indicators on their price charts.
JASMY Nears Breakout of 2x Bullish Formation
One such altcoin is the asset known as the Bitcoin of Japan, JasmyCoin (JASMY). As we can see in the post above, this analyst who has been closely watching the JASMY price chart says a JASMY breakout is very close at hand and could result in a pump of over 2x to start. JASMY could go much higher as the peak of the altseason arrives.
