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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.
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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