$BTC Will Bitcoin Reach a New High in the Next 24 Hours?

—

Bitcoin is signaling a strong bullish trend after successfully testing the 50-week moving average (EMA). This move has previously often indicated an all-time high (ATH). According to the renowned analyst CrypNuevo, BTC may soon break new ground. If history repeats itself, Ethereum and other altcoins may follow suit with explosive gains.

The cryptocurrency market is heating up. Over the past 30 days, Bitcoin has risen by 24.9%, and just last week, it gained an additional 10.3%. The important breakout point is the clean bounce off the 1-week 50 EMA — a bullish pattern that has marked the beginning of each major BTC rally.

CrypNuevo believes that a new ATH is imminent, supported by strong technicals and increasing momentum.

While Bitcoin leads, altcoins are accelerating. In the past 7 days:

– Ethereum: +39.7%

– Solana (SOL): +20%

– BNB: +13.1%

– XRP: +11.1%

Most notably is Ethereum’s surge. Despite the increase, Ethereum is still recovering from previous losses, down 23.97% year-to-date, while BTC is up 11.6%.

CrypNuevo notes that when Bitcoin peaks, altcoins are likely to rally even more — especially Ethereum.

BTC dominance peaked on May 7 at 65.37%. Since then, it has dropped to 62.69%, indicating a potential altcoin explosion might be on the horizon.

The setup is clear: Bitcoin reaches a new ATH, dominance peaks, and altcoins take off. The 50 EMA bounce could be Bitcoin's launchpad to new heights. With the rising momentum of altcoins and the declining dominance of BTC, a comprehensive altcoin season may be approaching.