ETH and JASMY Experience Bullish Breakout as a Positive Reaction to Bitcoin’s Latest $103,900.47 ATH

News

  • Bitcoin set its latest ATH at its first-ever 6-digit price of $103,900.47. 
  • Analysts notice a bullish reaction in altcoins ETH and JASMY. 
  • Both crypto assets have broken out of bull flag pattern hinting at major gains ahead.

Bitcoin’s $100,000 breakout to set its first-ever 6-digit ATH at $103,900.47 has spurred incredibly bullish sentiment in altcoins that have reacted with bullish break out hinting at significant surges. In particular, the altcoins reacting positively to BTC’s breakout are highly promising and show great gain potential. 

Bitcoin’s New ATH Spurs Bullish Reaction From Altcoins

To highlight, many altcoins have reacted bullishly to Bitcoin’s breakout. This altcoin reaction is further fueled by what many analysts have marked as an early start to altseason for this cycle’s bull pump. While many altcoins have already begun to pump some altcoins were building up to a major breakout which has now arrived. 

With Bitcoin setting up a new ATH at $103,900 some of the most bullish reactions from altcoins came from ETH, DOGE, SHIB, and JASMY. While DOGE’s price has increased by over 10% in the last 24 hours, SHIB’s has increased by over 8%. Meanwhile, analysts highlight the reactions of the pioneer altcoin ETH and the Bitcoin of Japan JASMY. 

ETH and JASMY Experience Bullish Breakouts

https://twitter.com/CryptoBullet1/status/1864437109735440864

As we can see from the post above this analyst marked the exact moment when ETH price broke out. Based on CoinMarketCap analytics, ETH price jumped from $3,672 to $3,904 nearing that $4,000 target. ETH is still a ways away from its previous ATH of $4,891 but analysts are certain that a new ATH is on its way for ETH.

Similarly, analysts highlight how JASMY also reacted bullishly to Bitcoin’s $100,000 breakout. In fact, as we can see from the post above, JASMY price broke out of a major bull flag under an hour ago and it pumped from $0.040 to $0.044 and is now holding steady at $0.042. Analysts are expecting JASMY price to pump and set $1 price target soon. 

The post ETH and JASMY Experience Bullish Breakout as a Positive Reaction to Bitcoin’s Latest $103,900.47 ATH appeared first on Crypto News Land.

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