After a explosive breakout in gold, market analysts are now looking closely at Bitcoin (BTC). According to Crypto analyst Dan Gambardello, Bitcoin’s current market setup is surprisingly similar to the familiar historical patterns that previously brought significant returns.
Just as gold surged before Bitcoin continued in late 2020, the current chart suggests that iterations may be ongoing. If so, this could mark the early stages of a full-fledged crypto bull market, allowing major altcoins like Ethereum and Cardano to be pulled for rides.
Code that is about to do what Gold did… *Explosion*
Intro 00:00
Gold and Cry 00:50
Bitcoin looks like gold 1:40
Altcoin Power Move 3:15
Cardano Weekly 4:25
Ada breakout? 5:15
Ethereum Altcoin Bull Market Timeline 9:00 pic.twitter.com/jlzb58ibqj– and Gambardello (@cryptorcruitr) May 22, 2025
Gold Signal and Bitcoin Setup
Gold appears to have completed the parabolic movement, indicating a potential transition to Bitcoin. Historically, this shift occurred in late 2020 when gold peaked and Bitcoin began to rise in meteors.
The current gold chart shows a structural pattern that closely resembles the early stages of Bitcoin Bull Market. This similarity suggests that Bitcoin could be placed for its own breakout.
Bitcoin is already broken past its previous record high. However, analysts suggest that the actual parabolic phase has not yet begun. The assets are rising in a structured way, indicating that the bull cycle is still warming. This stage could set up a strong upward surge phase that has not yet been realized.
Altcoins: There’s a delay but it’s gaining momentum
While Bitcoin is gaining attention, altcoins like Cardano (ADA) and Ethereum (ETH) are quietly building strength. Cardano is testing key resistance levels, particularly the 20-week moving average.
Holding above this point often indicates a shift from bears to bull markets. The ADA also bounces back key support, challenging reverse head and shoulder patterns. If momentum applies, pushing to the $1 mark is very possible.
Meanwhile, Ethereum is approaching the major trendlines it last touched on during its consolidation in 2020. Successful breaks above the 200-day moving average can show strong bullish intentions. However, there are early signs of the divergence of the RSI bearish. This could indicate a temporary, if not invalidated by strong price actions.
Market Cycle Patience and Psychology
The wider Altcoin market maintains a record high of 36% compared to 253% distance during the last bull set up.
This contradiction suggests that altcoins may be slowing down Bitcoin and Gold, but they can quickly catch up in an explosive way.
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