Bitcoin continues its slow ongoing sideways movement leading to fall in sentiment.
Crypto market shifts from ‘Extreme Greed’ to ‘Greed’ phase.
Altcoin JASMY confirms a hidden bullish divergence pattern.
Bitcoin continues its slow sideways movement and remains in the $97,000 price mark. With no bullish pumps this week, several altcoin prices have also begun to fall short, most after having celebrated major breakouts last week. This in turn has led to a slightly less bullish sentiment.
Market Sentiment Drops to ‘Greed’ Sentiment
In detail, the Crypto Fear & Greed Index points to a score of 74 marking ‘Greed’ sentiment, a fall from the ‘Extreme Greed’ sentiment of the previous few days. Despite the fall in sentiment and the fall in crypto prices, many altcoins have held strong and are holding at a fair price instead of dumping to much lower price levels.
Accordingly, several analysts remain just as bullish as the previous few week when Bitcoin set its previous ATH at $103,900.47, the pioneer crypto asset’s first-ever 6-digit ATH. Now, the expectation for BTC is that the asset will move between $90,000 to $110,000 until it will surge to set a new ATH at $125,000 by January and February.
JASMY Chart Confirms Bullish Surge Indicators
https://twitter.com/JavonTM1/status/1866513476643967271
Meanwhile, analysts are also raising expectations for altcoins due to the early start of altseason. In particular, the analyst in the post above marks a bullish pattern forming for the Bitcoin of Japan, JASMY.
He says the altcoin's 2-hour chart recently confirmed a textbook Hidden Bullish Divergence suggesting major strength concealed within prices despite the recent pullback. All in all, the analyst expects explosive gains incoming for JASMY price.
The post JASMY Confirms Hidden Bullish Divergence Pattern Exhibiting Major Strength Concealed Within Prices appeared first on Crypto News Land.
