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Bitcoin is flashing a strong bullish signal after successfully retesting its 1-week 50 EMA — a move that has historically preceded every all-time high (ATH).
According to popular crypto analyst CrypNuevo, BTC could soon break into uncharted territory. If history repeats, Ethereum and altcoins may follow with explosive gains.
BTC Price Surges 25% in a Month, Set for New All-Time High?
The crypto market is heating up. In the past 30 days, Bitcoin is up 24.9%, and it has gained over 10.3% in just the last week.
The key breakout? A clean bounce off the 1-week 50 EMA — a historically bullish pattern that has marked the start of every major BTC rally.
CrypNuevo believes a new ATH is imminent, supported by strong technicals and growing momentum.
Altcoin Rally Next? ETH, XRP, BNB, SOL Show Strength
While Bitcoin leads, altcoins are gaining steam. In the past 7 days:
- Ethereum: +39.7%
- Solana (SOL): +20%
- BNB: +13.1%
- XRP: +11.1%
Ethereum’s surge is notable. Despite its rise, it’s still recovering from earlier losses. ETH is down 23.97% YTD, while BTC remains up 11.6%.
CrypNuevo notes that once Bitcoin dominance peaks, altcoins will likely pump harder — especially Ethereum.
BTC Dominance Dips After May Peak
Bitcoin’s dominance peaked at 65.37% on May 7. Since then, it’s dropped to 62.69%, suggesting an altcoin breakout could be near.The setup is clear: Bitcoin makes a new ATH, dominance peaks, and altcoins take off. The 50 EMA bounce could be Bitcoin’s launchpad to new highs. With altcoins gaining momentum and BTC dominance falling, a full-blown altcoin season may soon follow.
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FAQs
With a 25% monthly gain and the historic 50 EMA bounce, analysts see BTC poised to break into uncharted price territory.
Institutions like BlackRock and Fidelity led over $400M in ETF inflows, signaling strong bullish sentiment.
Analysts predict Bitcoin could hit $400K in a few months, with the current market momentum and stock-to-flow model pointing toward a historic 2025.
