Crypto market enters extreme greed phase with a market score of 77.
Following Bitcoin’s bullish lead, altcoins are preparing to face a massive pump soon.
JASMY analyst says the altcoin is heading towards $0.2785 trend target.
Bitcoin (BTC) set a new ATH of $76,460 the day after the pioneer crypto asset set a new ATH of $75,011. These new ATHs were set in the midst of the US Presidential Election and the day after the US Presidential election. The fact that pro-crypto US Presidential candidate, Donald J. Trump took the victory is a likely reason behind the ongoing BTC pump.
In the eyes of many seasoned analysts, Trump’s victory means one thing for certain, that the crypto supercycle has begun in full swing and seeing new ATHS on the daily chart is highly likely. To many traders, this phase is similar to that of the golden days of 2020 when BTC pumped parabolically.
Crypto Market Enters Extreme Greed Phase
This bullish sentiment shines clearly in the Crypto Fear & Greed Index where a score of 77 indicates the ‘Extreme Greed’ sentiment in the crypto market. Another bullish sign is the fact that traders are now in a highly potent golden pocket region of the crypto cycle. This phase is expected to bring a high-risk high-reward trade sentiment and lies between the US Presidential Election Day and the US Presidential Inauguration Day.
Put together these indicators further fuel the bullish predictions for Bitcoin (BTC) to set a 6-digit figure ATH by the end of Q4 and usher in an even greater altseason with altcoins setting new ATHs of their own. Presently, multiple altcoins are printing highly bullish signs on their price charts.
Bullish Altcoin Sentiment Highlights JASMY’s Pump Ahead
https://twitter.com/el_crypto_prof/status/1854235453420929306
According to the post above, crypto traders and investors will see an influx of predictions calling a cycle top over the next few weeks. The analyst says that the price of BTC will go higher, however, it is important to remember that bull markets are just as unpredictable as bear market. He concludes with high hopes for pumps this bull cycle.
https://twitter.com/JavonTM1/status/1854009075358654597
The post above shows JasmyCoin (JASMY), an altcoin following Bitcoin’s bullish lead and indicating high pump potential over the coming weeks and months. As the chart above shows, JASMY price could claim the next trend target at $0.2785 after the altcoin initiates a massive push to the target.
The post JASMY Surges Towards $0.27 Target as Crypto Market Enters Extreme Greed Sentiment and Altseason Looms appeared first on Crypto News Land.
