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Will Bitcoin Price Hit New ATH in Next 24 Hours? 

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By on May 12, 2025 Altcoin, Bitcoin, Regulations, Trading, Web3
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The post Will Bitcoin Price Hit New ATH in Next 24 Hours?  appeared first on Coinpedia Fintech News

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.

Source : CrypNuevo X Post

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.

Also Read :   5 Key Economic Events This Week That Could Make or Break the Crypto Bull Run   ,

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.

Never Miss a Beat in the Crypto World!

Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.

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