On January 30, a cryptocurrency analyst shared an optimistic outlook for altcoins during a discussion on X.
The analyst highlighted the emergence of a golden cross pattern in the two-week chart, a technical indicator commonly linked to upcoming bullish markets.
This specific pattern occurs when the 50-day moving average surpasses the 200-day moving average, signaling an impending positive shift in market dynamics.
Such formations are watched closely by investors as they often precede significant price rallies in the assets involved.