CandleFocus Golden Cross Signal and Trump’s Crypto Moves Spark Altcoin Season Hopes
2024-12-26
Author: Content Editor
A cryptocurrency analyst has identified a Golden Cross signal on the altcoins' total market cap chart, suggesting the potential beginning of an altcoin season. The Golden Cross occurs when the 9-day Simple Moving Average (SMA) curve crosses the 20-day SMA, typically leading to significant gains in altcoins. The analyst also mentioned that President-elect Donald Trump may use his new DeFi protocol, World Liberty Financial (WLFI), to purchase altcoins before his inauguration. Additionally, there are observations from other experts about Trump's cryptocurrency investments, potentially indicating the US government's approval of ETF products for cryptocurrencies next year. Trump and other crypto whales have been accumulating altcoins like LINK, ONDO, HBAR, and AVAX, which may contribute to a potential altcoin rally in the future. Furthermore, Bitcoin's recent behavior aligns with previous bull cycles, and the analyst believes that a classic bull run for Bitcoin will follow Trump's inauguration and the establishment of the Bitcoin reserve fund.
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