Crypto Expert Unveils Altcoin Season Start with Golden Cross Indicator

The world of cryptocurrency trading is driven by technical analysis, and certain chart patterns can indicate major shifts in market behavior.

In the dynamic realm of cryptocurrency trading, technical analysis plays a pivotal role, and certain chart patterns can be crucial indicators of major shifts in market behavior. Among these patterns, the Golden Cross has emerged as a widely recognized signal that often suggests the beginning of a bullish rally.

Chart: Altcoins Market Cap with 100-day (yellow) and 200-day (green) moving averages. Credit: @CryptoNobler

Recently, cryptocurrency analyst @CryptoNobler took to Twitter to highlight that altcoins have just witnessed their first Golden Cross since 2021. This observation has sparked interest among investors, who are keen to understand the implications of this technical pattern, especially in the context of the upcoming altcoin season.

Last time a Golden Cross appeared in the altcoins market, the whole market went 200x in 3 weeks

Now, we have the first Golden Cross in altcoins since 2021. A new bull season is setting to start on April 21. Don’t miss it.

Those who bought at the beginning of the last bull season (January 2020) are now sitting on +24,500% gains.

Chart: Altcoins Market Cap with 100-day (yellow) and 200-day (green) moving averages. Credit: @CryptoNobler

A Historical Trend: Massive Gains Following Golden Crosses

In his tweet, @CryptoNobler notes that the last time a Golden Cross occurred, the entire market experienced a massive 200x surge within just three weeks. This historical example serves as a powerful precedent for what might happen next. While past performance is never a guarantee of future results, such substantial gains are not unheard of during certain market conditions, especially in the volatile world of altcoins.

As the analyst notes, given that the altcoin market is known for its high volatility, this prediction is not out of the realm of possibility. Cryptocurrencies, particularly altcoins, often see explosive growth during altseason—a period when altcoins outperform Bitcoin and other major cryptocurrencies in terms of price gains. This usually happens due to a surge in interest from new investors, who are looking for opportunities beyond the flagship cryptocurrency.

The Next Altseason: Starting April 21

@CryptoNobler doesn’t just stop at highlighting the Golden Cross; he goes further by predicting that the next altseason is set to begin on April 21. This is a moment when altcoins historically tend to gain significant traction, driven by new developments, investor interest, and favorable market conditions. The analyst advises his followers not to miss this chance, suggesting that those who act now could see substantial financial rewards.

For many cryptocurrency enthusiasts, altseasons are highly anticipated events. When they occur, altcoins can see rapid and substantial price increases, as investors flock to smaller, lesser-known coins with the potential for high returns. This usually leads to a period of strong performance for altcoins relative to Bitcoin.

A Golden Cross occurs when the 50-day moving average crosses above the 200-day moving average, signaling that short-term momentum is overtaking long-term trends. This is often seen as a sign of strength in the market, indicating that the price of an asset could be on the verge of significant upward movement. In the case of altcoins, this could mark the beginning of a new phase of growth after a period of consolidation or decline.