Will Bitcoin Price Hit New ATH in Next 24 Hours?

Published by

Vignesh S G

May 12, 2025

Bitcoin just flashed a powerful bullish signal – and it could be the start of something big. The leading crypto asset has successfully bounced off its 1-week 50 EMA (Exponential Moving Average), a move that has historically come right before every new all-time high.

According to crypto analyst CrypNuevo, this technical pattern could be the launchpad for Bitcoin to enter uncharted territory once again. And if BTC moves, Ethereum and altcoins may not be far behind, potentially kicking off a fresh wave of gains.

Bitcoin Rallies Nearly 25% in a Month

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.

What’s driving the rally? A clean bounce off the 1-week 50 EMA. Historically, every major Bitcoin bull run has started after this exact pattern. CrypNuevo believes this could be the early stage of another record-breaking rally, backed by strong technicals and growing market strength.

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

Is Altcoin Season Around the Corner?

CrypNuevo points to a familiar trend: when Bitcoin’s dominance in the market peaks and starts to drop, altcoins often rally harder – and Ethereum typically leads that wave.

Bitcoin dominance reached a high of 65.37% on May 7. Since then, it has slipped to 62.69%. That decline suggests an altcoin breakout may be on the horizon.

This pattern has played out before – Bitcoin hits a new high, dominance peaks, and altcoins surge. With the recent 50 EMA bounce, the setup is starting to look very familiar.

As BTC pushes toward a new all-time high and its dominance continues to dip, Ethereum, Solana, XRP, and others may be gearing up for their next major move. If momentum keeps building, we could be entering the early stages of a full-blown altcoin season.

FAQs

Can Bitcoin hit a new all-time high soon?

With a 25% monthly gain and the historic 50 EMA bounce, analysts see BTC poised to break into uncharted price territory.

What role are institutions playing in Bitcoin’s growth?

Institutions like BlackRock and Fidelity led over $400M in ETF inflows, signaling strong bullish sentiment.

Will Bitcoin reach $400K by 2025?

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.

Vignesh S G

Vignesh is a young journalist with a decade of experience. A proud alumnus of IIJNM, Bengaluru, he spent six years as a Sub-Editor for a leading business magazine, published from Kerala. His interest in futuristic technologies took him to a US-based software company specialising in Web3, Blockchain and AI. This stint inspired him to view the future of journalism through the lens of next generation technologies. Now, he covers the crypto scene for Coinpedia, uncovering a vibrant new world where technology and journalism converge.