Bitcoin maintains $88K after hitting an all-time high of $93,434, driving optimism for further gains

Analysts link altseason to the 3W MACD crossing bearish, signaling potential altcoin rallies

JasmyCoin’s consolidation after recent pullback hints at a stronger comeback as altseason approaches

Bitcoin continues to maintain its bullish trajectory, holding steady around $88,000 after recently reaching a new all-time high of $93,434.36. This marks a significant rally from the $73,000 range just weeks ago. Analysts project that Bitcoin could reach six-figure prices, with estimates ranging from $100,000 to $150,000 by the end of Q4. Long-term projections suggest potential highs of $220,000 to $520,000 as the market advances, possibly extending the bull run into 2025

Market Sentiment Remains Bullish with Extreme Greed Levels

The Crypto Fear & Greed Index currently indicates "extreme greed," reflecting heightened investor confidence. The ongoing optimism stems from a combination of factors, including Bitcoin's robust performance and the recent election of a pro-crypto U.S. President, Donald Trump. Additionally, the trading environment within the “golden pocket” reinforces bullish sentiment, paving the way for potential altcoin market growth.

Altseason May Follow Bitcoin's 3W MACD Cross

Market analysts suggest that a transition from "Bitcoin season" to "altseason" is imminent, hinging on the 3-week Moving Average Convergence Divergence (MACD) crossing bearish. This technical shift is expected to trigger rapid price increases for altcoins, sustaining higher levels for an extended period. Investors are anticipating this phase to usher in several months of market exuberance.

JasmyCoin’s Pullback Indicates Potential Comeback

Amid the broader market developments, some altcoins are already signaling bullish movements. JasmyCoin (JASMY) stands out after its recent pullback from $0.0445. Analysts interpret this as a consolidation phase, setting the stage for potential price strength in the coming weeks. The token’s performance aligns with the growing expectations of an alt season, adding to the momentum for broader market activity.

As Bitcoin’s price stabilizes near record highs, the market’s attention is shifting toward altcoins. Positive technical indicators and a favorable macroeconomic environment suggest that altcoins like JasmyCoin could play a significant role in the anticipated alt season