Bitcoin

Rare

<ul class="news-points"> 
 <li>A prominent trader believes the altcoin market is on the verge of a parabolic breakout.</li> 
 <li>His prediction is based on an impending 20-month SMA forming a golden cross on the altcoin market’s monthly chart.</li> 
 <li>The analyst claimed such a pattern was rare and signaled the start of a significant bull market each time it occurred.</li> 
</ul> 
Amid the bearish trend that rocked the <a href="https://coinedition.com/market/">crypto market</a> in the last 24 hours, with digital assets such as <a href="https://coinedition.com/bnb-dips-9-87-as-binance-faces-4-3b-settlement-and-ceo-resignation/">BNB taking a major hit</a>, a prominent Bitcoin trader has argued that the overall altcoin market is on the verge of a parabolic breakout. 
In a recent tweet, a Bitcoin trader with the X username ‘Moustache’ proclaimed altcoins are now primed for a significant bull run. Moustache’s conviction is rooted in a rare pattern about to form on the altcoin market’s monthly chart.&nbsp; 
In particular, the analyst stated that a ‘Golden Cross’ is on the verge of occurring in the monthly chart for the 20-month Simple Moving Average (SMA20) of altcoins. According to Moustache, the expected technical indicator “has only happened twice before in the history of altcoins,” and at both times, …
The post <a href="https://coinedition.com/rare-sma20-golden-cross-imminent-on-altcoin-is-this-a-bullish-sign/">Rare SMA20 Golden Cross Imminent on Altcoin; Is This a Bullish Sign?</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Rare SMA20 Golden Cross Imminent on Altcoin; Is This a Bullish Sign?

Coin Edition

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