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Cryptocurrency markets are trading higher as the Bitcoin Conference awaits Donald Trump‘s keynote speech on Saturday.
Cryptocurrency | Price | Gains +/- |
Bitcoin (CRYPTO: BTC) | $67,835 | +5% |
Ethereum (CRYPTO: ETH) | $3,265 | +5.2% |
Solana (CRYPTO: SOL) | $182.9 | +8.5% |
Dogecoin (CRYPTO: DOGE) | $0.1336 | +10.5% |
Shiba Inu (CRYPTO: SHIB) | $0.00001689 | +6% |
Notable Statistics:
Notable Developments:
Cryptocurrency | Price | Gains +/– |
Conflux (CRYPTO: CFX) | $0.1701 | +21.8% |
Popcat (CRYPTO: POPCAT) | $0.9407 | +19% |
Jupiter (CRYPTO: JUP) | $1.07 | +15% |
Trader Notes: Stockmoney Lizards predicts Bitcoin to go “nuts big time soon” and expects a massive run itowards the year’s final quarter. He highlights certain factors like the halving, a post-halving correction and redistribution and expects a short-squeeze with a lot of liquidations.
The trader also pointed to smart money buying in the past two months, a strong reason to "believe prices have been kept in range before the big breakout."
Another trader predicts a breakout:
Emperor noted Bitcoin bouncing from the support zone but still being in a larger range where resistance is expected to come heading towards $72,000 levels. He believes $63,500 is a good buy zone. If $67,000 is held, $69,500 should be next.
On the contrary, AllStreet Bets cautioned traders that the coming week could spell a pullback and consolidation.
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.
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Image: Shutterstock