Bitcoin's 50 EMA bounce hints at a new ATH, historically signaling major bull runs and market-wide rallies.

Altcoins like ETH, SOL, and XRP surge as BTC dominance dips, suggesting a potential altcoin season is nearing.

Bitcoin is flashing a strong bullish signal that could hint at a new all-time high (ATH), historically signaled by a retest of its 1-week 50 EMA, setting up a move that has never failed to spark major bull runs and widespread market rallies.

If the 50 EMA acts as support again, then we could see Bitcoin break into uncharted price territory, according to popular crypto analyst CrypNuevo.

If history repeats, then Ethereum and altcoins may follow with explosive gains as the apex cryptocurrency continues to forge ahead.

BTC Price Surges 25% in a Month, Set for New All-Time High?

The crypto market is certainly heating up. In the past 30 days, Bitcoin is up 24.9%, and it has gained over 10.3% in just the last week.

A key breakout? A clean bounce off the 1-week 50 EMA — a pattern that has never failed to mark the start of every major BTC rally, according to CrypNuevo.

This analysis is supported by strong technicals and growing momentum that suggest a new ATH could be imminent.

At the same time, institutions are making a move.

Institutions Like BlackRock and Fidelity Are Buying

Specifically, over $400M in ETF outflows were led by BlackRock and Fidelity, signaling an overwhelming bullish tide.

At the same time, analysts are predicting that Bitcoin could hit $400K in a few months, with the current market momentum and stock-to-flow model suggesting a 2025 bull market.

At the same time, crypto traders are noticing that Bitcoin’s dominance has dropped from a May 7 peak of 65.37% to 62.69%.

This may hint at an altcoin breakout.

Altcoin Rally Next? ETH, SOL, and XRP Surging

Indeed, several altcoins have shown strength, especially in seven days:

This sets up a classic scenario where Bitcoin makes a new ATH, its dominance peaks, and then altcoins take off.

The 50 EMA bounce could be Bitcoin’s launchpad to new highs. With altcoins showing signs of life and BTC dominance falling, a full-blown altcoin season may soon follow.