Altcoins won’t just gain value, but they will appreciate exponentially once the altseason starts. Mirroring the 2017 altseason, the altcoin season for 2025 will not just appreciate but will vertically climb.
A crypto trader who goes by the pseudonym Merlijn The Trader spotted that the altseason for 2025 was following the same trait as the 2017 altseason. Making a comparison between these two incidents, the trader saw that the total crypto market cap was approaching a golden cross, similar to one in 2017, which turned into massive gains.
What does “Golden Cross” mean?
A Golden Cross is a common technical analysis tool that shows that the trend in financial markets, especially stocks and cryptocurrencies, could be changing from bearish to bullish.
When the short-term moving average (MA), usually the 50-day MA, crosses the long-term MA from below, this is called a Golden Cross.
Why do traders pay close attention to these?
Show that buying is picking up speed.
Often brings in more buyers once it’s confirmed, which keeps the trend going.
Confirmation of the trend:
People think it’s stronger than short-term rallies because it shows a big change in how people feel about the market.
Support and Resistance:
After the Golden Cross, the 50-day and 200-day MAs are often used as support levels when the market goes down.
The total crypto market excluding Bitcoin and top 10 coins, is now inside a rising wedge, which is a bearish pattern. Buyers push price higher but with less enthusiasm and eventually sellers start stepping in, preparing for a breakout to the downside.
Given that the pattern breaks by the book, the total crypto market cap excluding BTC could crash. However, the 50-day MA and 200-day MA will act as support levels and absorb the prices.
