- Bitcoin’s pump to a higher high fuels bullish altseason expectations.
- SHIB and DOGE both show highly bullish potential for major pumps in altseason.
- Analyst marks golden cross formation on the monthly altcoin MCAP chart.
The $71,000 Bitcoin (BTC) price hit has led to strong bullish sentiment in the crypto market. Analysts are looking to see higher highs for Bitcoin prices in the coming weeks ahead. So much so, that many are expecting BTC to surpass its previous $73,000 ATH and head into price discovery mode to set new higher ATHs.
Bitcoin’s bullish sentiment is further fueled by the expectation for a highly bullish and rewarding Q4 for Bitcoin price could go as high as $100,000 to $150,000 by the end of the year. Adding to the bullish momentum is the fact that altseson could follow in Q1 taking altcoin prices to new ATHs once Bitcoin sets its own.
Bitcoin Pump Ignites Altcoin Frenzy
As we can see from the post above, this analyst highlights a golden cross formation coming into play in the altcoin MCAP chart. If the golden cross does form on the monthly time frame, an explosion in altcoin prices may occur. The last time this played out, the SMA 20 and SMA 40 happened and altcoin MCAP pumped 433% in 4 months alone.
The analyst expects the golden cross formation to be completed by Q1 of 2025 feeding into the arrival of altseason in Q1 expectations furthermore. Once this in complete Q1 could usher in a 100x altseason which many analysts are expecting. Adding to the high predictions are altcoin price charts themselves which are also printing bullish pump signals of their own.
SHIB and DOGE Prepare for Major Altcoin Action
As we can see from the post above, Shiba Inu (SHIB) continues to maintain its breakout move and adds more bull patterns to its chart. The analyst believes the next leg of immense bullishness is unfolding.
https://x.com/JavonTM1/status/1850912070310510770
He says to expect larger breakouts indicating $0.000081 as a target, an over 351% pump from here. Similarly, as we see from the post above, Dogecoin (DOGE) is also preparing for a major pump with a falling wedge breakout pattern that could reach a $0.22 target and higher.
The post SHIB and DOGE Show Strong Pump Action as Altcoin MCAP Chart Enters Golden Cross Formation on Monthly Chart appeared first on Crypto News Land.
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