Bitcoin Could Be Next After Gold’s Breakout as Altcoin Season Nears
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- An altcoin rally is anticipated as gold’s breakout and Bitcoin’s (BTC) setup mirror historical bull signals
- Dan Gambardello highlights altcoins like Ethereum (ETH), Cardano (ADA) building strength for a significant surge.
- The broader altcoin market, though currently lagging, shows strong potential for an explosive catch-up this cycle.
After gold’s explosive breakout, market analysts are now watching Bitcoin (BTC) closely, figuring it’s next in line for a huge run-up. According to crypto analyst Dan Gambardello, the current market setup for Bitcoin is strikingly similar to a familiar historical pattern that previously led to significant gains.
The same way gold surged in late 2020 before Bitcoin followed, current charts suggest a repeat may be underway. If true, this could mark the early stages of a full-blown crypto bull market, pulling major altcoins like Ethereum and Cardano along for the ride.
The post Bitcoin Could Be Next After Gold’s Breakout as Altcoin Season Nears appeared first on Coin Edition.
7h ago•
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