Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Cryptocurrency»Bitcoin, Ethereum, Dogecoin See Friday Gains, But Trader Warns ‘$59,000 Must Hold, No Major Moves Expected This Weekend’ – Grayscale Bitcoin Mini Trust (BTC) Common units of fractional undivided beneficial interest (ARCA:BTC)
    Cryptocurrency

    Bitcoin, Ethereum, Dogecoin See Friday Gains, But Trader Warns ‘$59,000 Must Hold, No Major Moves Expected This Weekend’ – Grayscale Bitcoin Mini Trust (BTC) Common units of fractional undivided beneficial interest (ARCA:BTC)

    October 11, 20242 Mins Read


    Cryptocurrency markets were trading higher before entering the weekend with altcoins also being pushed up.

    Cryptocurrency Price     Gains +/-
    Bitcoin BTC/USD  $63,000.44 +5.8%
    Ethereum ETH/USD  $2,459.54 +4.3%
    Solana SOL/USD  $145.88 +6.2%
    Dogecoin DOGE/USD  $0.111 +6.2%
    Shiba Inu SHIB/USD  $0.00001775 +8.2%
    • IntoTheBlock data showed large transaction volume decreasing by 23.2% and daily active addresses up by 3.6%. Transactions greater than $100,000 were up from 7,555 to 8,264 in a single day. Exchanges netflows were down by 327.6%. Currently, 87% of Bitcoin holders made profits while 13% were at breakeven.
    • Coinglass data reported 38,216 traders were liquidated in the past 24 hours with the total liquidations at $115.88 million.
    Cryptocurrency Price     Gains +/-
    Ethena ENA/USD  $0.3366 +25.2%
    Mog Coin MOG/USD  $0.051709  +24.2%
    Worldcoin WLD/USD  $1.93 +14.9%

    Trader Notes: With Bitcoin prices trading higher beyond $62,000, crypto trader Javon Marks saw the crypto king still looking to reclaim its all-time highs of $73,700. Also, based on historical performance of a similar pattern, prices could also be set for a move much higher. He predicted the next target at $116,650.

    Crypto analyst Miles Deutscher marked $59,000 as must hold level. He predicted not making any “major moves this weekend (apart from trading memes), as directionality is still a bit unclear.”

    He added there needed to be a higher high to officially break downtrend structure.

    Michael van de Poppe highlighted the trend switched and the next test is at $65,000.

    The trend has switched!

    Despite the current sentiment, markets are already uptrending and I think that the acceleration is just around the corner for the whole market.#Bitcoin made a higher, higher low, and found support at $60K.

    The next test at $65K, that’s the one. pic.twitter.com/CaU3jrFeSW

    — Michaël van de Poppe (@CryptoMichNL) October 11, 2024

    Another crypto trader Seth advised to not make any mistakes as the bull market is going on. He noted whales were accumulating and grabbing liquidity from the retail traders. He predicted the liquidity will help “ascend.”

    What’s Next: The influence of Bitcoin as an institutional asset class is expected to be thoroughly explored at Benzinga’s upcoming Future of Digital Assets event on Nov. 19.

    Read Next: 

    Photo: Avi Rozen on Shutterstock

    Market News and Data brought to you by Benzinga APIs

    © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Digital Currency Coming to Pakistan: SBP Confirms Pilot Launch Plan

    Cryptocurrency

    Pakistan to launch digital currency? Here’s all you need to know

    Cryptocurrency

    SBP plans pilot for digital currency – Newspaper

    Cryptocurrency

    Cryptocurrency News Live: Bitcoin, Ethereum, Solana prices today; memecoin updates

    Cryptocurrency

    Pakistan plans digital currency pilot

    Cryptocurrency

    RBA pushes ahead with stablecoin and digital currency trials — Capital Brief

    Cryptocurrency
    Leave A Reply Cancel Reply

    Top Picks
    Commodities

    Latin America’s agricultural exports at risk? KOLTIVA’s traceability tools for EUDR-ready supply chains

    Commodities

    Commodity Tracker: 5 charts to watch this week

    Investments

    San Francisco Giants Rookie Completes Feat Last Done By Barry Bonds

    Editors Picks

    How digital trading platforms are reshaping investment paradigms in South Africa – The Mail & Guardian

    May 26, 2025

    Pakistan plans digital currency pilot

    July 9, 2025

    Ares Management schließt ersten Fonds in Höhe von US$2,4 Milliarden für die Entwicklung von Rechenzentren in Japan

    June 12, 2025

    Is Bitcoin a Millionaire Maker?

    August 17, 2024
    What's Hot

    Electro-agriculture can enable the cultivation of food in the absence of light

    October 26, 2024

    Agricultural Exports 101 | Market Intel

    February 12, 2025

    Advancing Agricultural Sustainability: Integrating Remote Sensing, AI, and Genomics for Enhanced Resilience

    August 22, 2024
    Our Picks

    Peach Property: feu vert à l’augmentation de capital

    May 23, 2025

    Breakthrough in Nanotechnology: New Method to Synthesize Amorphous Metal-Organic Frameworks and Coordination Polymers

    July 15, 2024

    What It Means to Be a FinTech Circa 2024

    August 26, 2024
    Weekly Top

    SBP plans pilot for digital currency – Newspaper

    July 9, 2025

    Cryptocurrency News Live: Bitcoin, Ethereum, Solana prices today; memecoin updates

    July 9, 2025

    Kamoa Copper lance un centre d’excellence pour former des ingénieurs locaux

    July 9, 2025
    Editor's Pick

    How to build a crisis-proof investment portfolio

    April 22, 2025

    5 All-Weather Dividend Stocks to Buy Right Now

    April 24, 2025

    Japanese investments in Israeli tech fall by a third amid war

    August 6, 2024
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.