- Bitcoin’s new ATH close to $100,000 elevates market sentiment.
- Altcoins react bullishly to BTC’s latest surge.
- Analyst notices a possible 1,200% price pump path for JASMY holder.
Bitcoin (BTC) sets another ATH in a phenomenal run from $73,000 in under 20 days. The pioneer crypto asset’s new ATH sits at $97,862.64 just a couple thousand short of hitting a 6-digit ATH of $100,000. This has only encouraged a greater bullish crypto sentiment in the crypto market with analysts expecting the arrival of $100,000 in the coming days or weeks.
Bitcoin Pump Fuels Renewed Altcoin Sentiment
Presently, the price of BTC sits at $97,000, close to its previous ATH with a total market cap of $1,918,707,134,713.91 and a 24-hour trading volume of $90,574,316,912.93. In the last month, the price of BTC is up by 44% according to CoinMarketCap analytics. The Crypto Fear & Greed Index indicates an ‘Extreme Greed’ score of 82 hinting at more price pumps to come for Bitcoin as well as altcoins.
So far, the market sentiment for Q4 has been bullish and continues to be bullish. Analysts expected to see new ATH for BTC in Q4 and this has been delivered. With over a month of Q4 left to go, a $150,000 ATH for BTC this year nears. What’s more, sentiment for a bullish altseason is just as strong.
At the moment, many analysts expect Q1 2025 to see the start of altseason. To support this view, many altcoins are already pumping in price, some even nearing their previous ATH records. This is a bullish signal showcasing the potential of many altcoins setting the stage to hit new ATHs in Q1 like Bitcoin is doing this Q4.
JASMY Prepares for Parabolic Gains This Altseason
While many altcoins are showing bullish signs, the analyst above shines a light on JasmyCoin (JASMY), an altcoin known as the Bitcoin of Japan. According to the post above, the analyst says that JASMY looks to be going through a retest phase after having recently broken out of a ‘smaller’ setup. He expects a $0.2785 target for JASMY that could lead to a pump of over 1,200%.
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