- The latest crypto market crash is recognized as the most brutal dump in crypto history.
- This led to many traders wondering if altseason would even take place this cycle.
- Analysts instead confirm a very bullish altseason ahead using JASMY’s bullish indicators.
The price of Bitcoin fell from its bullish 6-digit price to the $92,000 price level in what the crypto market recognizes as the most brutal market crash to occur in a single day. Over $2.15 billion was wiped out in a horrific liquidation pushing crypto market sentiment to the ‘Fear’ zone with a score of 44 according to the Crypto Fear and Greed Index.
Crypto Market Plunged Into Fear Sentiment
For the first time in a long time, the crypto market has been plunged in fear in what was expected to be the most bullish quarter of the New Year. However, in the eyes of many seasoned analysts, this is a much-needed reset for the crypto market to flush out weak coins and share paper hands.
Moreover, many traders know that pumps and gains are made in a fear market and this is the phase we have entered now. Thus, despite the dip, expectations for the price of BTC to hit its next new ATH still remain strong. Furthermore, expectations for altseason’s peak to arrive in Q1 2025 also remain strong.
Analysts Remain Bullish Over Glorious Altseason Ahead
As we can see from the post above, this analyst puts an end to all doubts of no altseason. In fact, this analyst says that ETH and altcoins have only recently broken out to the upside and aspects major gains to unfold as one of the biggest setups will likely lead to a 2017-like bull display.
Adding to this bullish train of thought, another analyst showcases one altcoin showing exceptional signs of a major upside soon. The post above depicts JASMY an altcoin that is up nearly 655% since its breakout and is working its way up to hit its next trend target price of $0.2785 hinting at a 10x pump and over 870% upward run.
