The 'Golden Cross' signal on the altcoin chart might indicate a new season. Donald Trump and crypto whales are accumulating Bitcoin and altcoins.
Golden Cross: Signal for Altcoins
A cryptocurrency analyst spotted a 'Golden Cross' signal on the total market cap chart of altcoins. This event may signify the beginning of a much-anticipated altcoin season. A 'Golden Cross' occurs when the 9-day Simple Moving Average (SMA) crosses the 20-day SMA.
Donald Trump and His Crypto Activity
During his podcast, the analyst discussed how the 'Golden Cross' signal, along with key factors, indicates a strong altcoin season. President Donald Trump plans to use his new DeFi protocol, World Liberty Financial (WLFI), to purchase a significant number of altcoins ahead of his inauguration.
Bitcoin and Parallels with Previous Bull Market
The analyst also highlighted comments from other crypto experts regarding Trump's crypto investments, which include BTC, HBAR, and XRP. These moves may signal an upcoming altcoin season, in line with Bitcoin's behavior in previous bull cycles.
The 'Golden Cross' signal and Donald Trump's activities in crypto investments may herald a robust altcoin season, aligning with Bitcoin's patterns in prior bull cycles.
