Crypto analyst predicts bullish altcoin market with golden cross indicator

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.