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Cryptocurrency News Articles

Major cryptocurrencies are trending higher early Friday, signaling renewed investor optimism heading into the weekend.

May 16, 2025 at 07:59 pm

Bitcoin is on the verge of a historic breakout, stating it’s “only one bullish candle away” from a new all-time high.

Major cryptocurrencies are trending higher early Friday, signaling renewed investor optimism heading into the weekend.

Major cryptocurrencies are trending higher early Friday, signaling renewed investor optimism heading into the weekend.

Notable Statistics:

* Trader Notes: Crypto trader Ted Pillows believes Bitcoin is "one bullish candle away" from a new all-time high, with his outlook remaining ultra-bullish.

* Trader Honey highlights a developing golden cross on BTC's 1-day charts—a historically bullish signal. The last time this pattern emerged, Bitcoin shot up from $60,000 to $110,000 in just two months.

* On the altcoin front, Ali Martinez suggests Solana could break out of its long-forming cup-and-handle pattern if it clears the $200 level—an "instant buy" trigger.

* Ethereum is gaining traction, according to Michael van de Poppe, who expects short-term consolidation in ETH as volatility increases. He recommends sub-$2,400 dips as strong buying opportunities.

* Captain Faibik notes that ETH broke out of a descending broadening wedge after a 5-month correction—a bullish setup. A clean move above $2,700 could fuel a rally toward $3,800–$4,000.

* XRP is also showing early signs of life, with trader cryptoinsightuk suggesting a bullish continuation if momentum sustains.

* Dogecoin is consolidating just below resistance, where trader Tardigrade expects a pause for several days before a potential breakout toward $0.40 due to a bullish technical setup.

The post Major Crypto Price Movements: Bitcoin One Candle Away From All-Time High, Ethereum Shows Early Signs Of Life, Dogecoin Consolidates

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Other articles published on Jul 24, 2025