- According to a renowned crypto analyst, a new trend is forming in the altcoin market.
- The analyst spotted a developing Golden Cross on the AltcoinMarketCap monthly chart.
- Golden Cross has happened only twice in the history of the altcoin market.
A renowned cryptocurrency analyst with the handle @el_crypto_prof on X (formerly Twitter) has alerted users to a forming trend in the altcoin market. According to the analyst, this event has only happened twice in the history of the cryptocurrency market, delivering similar outcomes on both occasions.
#AltcoinsFriendly reminder that the Golden Cross on the monthly chart of the SMA20 is imminent (month closes in a few days).
This has only happened twice before in the history of Altcoins.
In 2016 and 2020, this signalled the start of the Altcoin bull market. pic.twitter.com/DESXV2zWtV
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