The $BTC chart highlights two key consolidation phases in 2021 and 2024, each following a significant rally. These accumulation zones suggest potential for future upward movements, as seen in past cycles.
Currently, $BTC is holding strong at around $57,900, with a possible breakout projected toward the $80,000 level in the coming months. The repetitive pattern of accumulation before explosive growth sets a bullish expectation as we move into 2025.
JASMY Preps for 1,403% Surge, SHIB Targets 470% Pump Amid BTC and DOGE's Bullish Fed Response.
• Bitcoin reacts bullishly to the highly-anticipated Fed rate cut announcement of 50 bps. • DOGE and SHIB are both holding for a massive price breakout. • JASMY prepares for a massive pump of 1,403% while SHIB could go up by 470%. The crypto market reacts positively to the Fed rate cut of 50 bps as Bitcoin (BTC) price soars back up to reclaim the $62,000 price mark. As analysts rejoice over their accurate predictions on 0.5 rate cut and a bullish reaction for crypto amid stock market dips, many altcoins are also showing bullish signals to mirror that of Bitcoin (BTC). In detail, many analysts already expected Bitcoin (BTC) to have a bullish surge after September. This is an expectation based on historical patterns. So far in every Bitcoin Halving year, Q4 has always seen massive green pumps for Bitcoin and crypto prices, often followed by the down months of August and September. 🔸 Altcoins Hold Strong for Major Bullish Breakouts This bullish expectation is already seeping into the Bitcoin and altcoin price charts as many analysts are highlighting bullish signals. For instance, one analyst sees a Bullish Hidden Divergence pattern in the Bitcoin chart that could take the price of BTC to a $116,000 ATH target. Meanwhile, another analyst seems to observe the completion of a major Cup and Handle pattern enfolding for Bitcoin (BTC). Similar bullish signals are loading for other popular altcoins as well, specifically for Ripple’s XRP, Cardano (ADA), Shiba Inu (SHIB), Dogecoin (DOGE), and JasmyCoin (JASMY). 🔸 JASMY and SHIB Prepare for 1,403% and 470% Pump As we can see from the chart above, SHIB is holding a major breakout that could take the asset into a 470% pump. Once the breakout takes place a major upward movement is in store for SHIB. The analyst sees a similar pattern enfolding for DOGE, another asset holding out for a major breakout that could take DOGE price to $0.22 and $0.6. Finally, the analyst throws a spotlight on JASMY. The Bitcoin of Japan is expected to make major moves in the bull run phase of the ongoing crypto bull cycle. In particular, for JASMY, the analyst expects a pump of over 1,403%.
The $CTK chart shows a potential bearish trend. The price is currently below a descending triangle pattern, which suggests a downward breakout may be imminent. The 200MA is also below the price, reinforcing the bearish sentiment. However, the 50MA is crossing above the price, which could indicate a short-term bullish reversal. Overall, the chart is leaning bearish, but a close watch on the 50MA's behavior is crucial.
$MANA continues to move within a descending channel, with a recent false breakout. A potential upward movement from the current price towards $0.3000 and beyond is possible.
The $ETH weekly chart shows a consolidation phase with ETH nearing a critical support level around $2,000. A potential bounce from this trendline could lead to a bullish breakout, with targets around $4,000 or higher, possibly reaching $5,000 in the long term. However, if the support fails, a dip below $2,000 is possible before any recovery.
What if I told you Bitcoin is in a healthier place now than when it was at the same point post halving last cycle?
It's currently only down ~19% from last cycles top (141 days post halving).
In 2020, it was down ~46% from the 2018 top 141 days post halving.
The same narrative that's being used against it now was being used against it then...
"Bitcoin is obviously nothing special anymore, equities are outpacing it."
"It's obviously not a good hedge against inflation."
"Everyone is tired of all of the bad actors."
"Maybe the top is in, we just can't seem to move past $10K resistance. If it can't happen in this market, why will it ever happen."
etc.
What happened? It eclipsed a trillion dollar market cap, alts printed even harder, real dapps started to develop, new sectors like NFTs emerged, and that's only scratching the surface.
When we rip out of the range into new ATHs this time around, institutional money can funnel in easier with spot ETFs, we have more regulatory clarity, and we might finally have a president that's pro crypto as one of his key running points.
Bitcoin Wyckoff secondary test complete - follow the guide to the LPS.
In the Wyckoff Method, LPS stands for Last Point of Support. This term refers to a key point during the accumulation phase where the price makes a higher low before potentially moving upwards in a new trend.