- Bitcoin reached a record high of $103,900, sparking significant bullish activity in the cryptocurrency market.
- JasmyCoin has completed a Cup and Handle pattern, signaling a potential price surge of up to 600%.
- Altcoins like ETH, DOGE, and JASMY are showing strong bullish indicators, marking the start of an early altseason.
Bitcoin surged past the anticipated $100,000 mark, achieving a new all-time high (ATH) of $103,900.47. This historic milestone ignited a wave of bullish momentum across the cryptocurrency market, particularly among altcoins. Analysts highlight that the unexpected early arrival of alt season is fueling remarkable price movements among top-performing altcoins.
Altcoins Gain Momentum Following BTC’s Surge
After its ATH, Bitcoin slightly retreated and stabilized at around $102,500. Despite the minor dip, its influence has significantly impacted the altcoin market. Ethereum (ETH) and Dogecoin (DOGE), two leading assets, have broken out of bullish patterns, signaling potential substantial growth soon.
Meanwhile, JasmyCoin (JASMY), a rising star in the altcoin space often referred to as the “Bitcoin of Japan,” has also shown notable bullish behavior. The asset recently completed a classic technical pattern, the Cup and Handle, suggesting a potential major breakout.
JasmyCoin Positioned for Significant Growth
JASMY is currently trading at $0.042 and appears poised for a robust uptrend. According to TradingView analytics, the Cup and Handle pattern has set the stage for JASMY to target an impressive $0.30, representing a nearly 10x increase from its current value.
Moreover, the JASMY/USDT trading pair indicates that the asset is approaching its neckline resistance, which has been forming for nearly 1,000 days. If the price breaks above this level on the weekly chart, a significant surge of 200% to 600% is anticipated.
Altseason Gains Traction with Bullish Indicators
The bullish performance of Bitcoin has set a solid foundation for the broader market, with numerous altcoins signaling upward momentum. As the market enters a phase of heightened activity, analysts remain optimistic about the potential for further growth in the coming weeks. Altcoins like JASMY continue to capture attention, driven by clear technical indicators and growing investor confidence.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
