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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.
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.
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