Cryptocurrency Markets Trade Higher Before the Weekend, Altcoins Also Pushed Up
- Mary-Kate OlsenOriginal
- 2024-10-12 10:10:13258browse
Notable Statistics: Notable Developments: Top Gainers: Trader Notes: With Bitcoin prices trading higher beyond $62,000, crypto trader Javon Marks saw the crypto king
Cryptocurrency prices were trading higher on Friday evening, with altcoins also being pushed up.
Bitcoin prices were trading above $62,000 at press time and crypto trader Javon Marks saw the crypto king still looking to reclaim its all-time highs of $73,700.
Based on the historical performance of a similar pattern, prices could also be set for a move much higher. Marks predicted the next target at $116,650.
Crypto analyst Miles Deutscher marked $59,000 as must hold level and 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.
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.
The liquidity will help "ascend," he predicted.
What's Next: The influence of Bitcoin as an institutional asset class is set to be explored at Benzinga's upcoming Future of Digital Assets event on Nov. 19.
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