- Analysts expect a major bullish reversal for crypto in mid-September.
- The JASMY community keep a close eye on JASMY price, expecting a parabolic pump.
- The arrival of altseason could further bolster the price of altcoins like JASMY.
Analysts debate over when a bullish reversal will arrive for the crypto market following the ongoing Bitcoin price dip. While some analysts expect BTC price to fall below $40,000, others disagree. In detail, one analyst believes the BTC price will fall to $38,000 based on technical analysis alone.
JASMY Could Lead Altcoin Charge
In contrast, another analyst expects BTC price to surge towards new highs following market maker manipulation. This silver-tongued analyst believes that market makers are hoping to exhaust bears and bulls before allowing the bull run phase of the ongoing bull cycle to commence.
In line with this expectation, the first analyst expects no new ATH for Bitcoin (BTC), but rather the onset of altseason in mid-September. This phase will likely see new ATHs for many altcoins this bull cycle. One community that expects parabolic moves from their altcoin is the asset known as the Bitcoin of Japan, JasmyCoin (JASMY).
Will JASMY Set a New ATH This Bull Cycle?
In detail, many JASMY analysts believe that JASMY is currently an oversold asset and is trading below its intrinsic value. Once, this potential is realized, the price of JASMY will shoot to new yearly and perhaps event cycle highs. Sentiment for a bullish JASMY upturn is high and expected to arrive sooner than expected.
According to this post above, one JASMY enthusiast’s expectation for a bullish turn in mid-September seems to match the narrative of other reputed analysts in the space. With this expectation in place, crypto traders keep a close eye on the daily price movements in September.
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