Bitcoin, Ethereum, Dogecoin Trade as ‘No Bear Market On The Horizon’, Trader Predicts All-Time High in ‘Next 3-4 Weeks’

Cryptocurrency markets trade higher and take 96% Bitcoin holders in profit.

Notable Stats:

• IntoTheBlock data shows that large transaction volume increases by 43.5% and daily active addresses grow by 10.4%. Transactions over $100,000 have increased from 9,217 to 9,654 in a single day. Net flows on exchanges have increased by 43.8 per cent.
• Coinglass data reports that 53,788 traders liquidated over the last 24 hours for $147.29 million.
• Crypto trader Jake Gagain pointed out that Bitcoin reached the highest market dominance (58.8%) since 2021. Analysts predict that Bitcoin can reach 60% dominance before an altcoin season begins.

Notable developments:

Top winners:

Trade Notes: With Bitcoin prices hovering around the $67,000 mark, trader Michaёl van de Poppe stated that the crypto king is aiming for a new record high as the trend has reversed. He expects this to happen within the next 3-4 weeks, with Bitcoin potentially reaching $90,000 by the end of the year.

With a similar opinion, CryptoCon marks Bitcoin’s next target of $109,000, which could potentially be reached as early as December. According to the retailer, everything is on track for an all-time high year in 2025, with no recession or bear market in sight.

Santiment’s poll on when BTC will hit $73,700 shows that 41.6% of respondents believe it will be by the end of October and 36.5% by the end of 2024. About 9.4% say it will never happen.

Crypto trader BitQuant sees an upcoming area where Bitcoin could consolidate between $75,000 and $95,000. $63,000 remains a solid buy price for BTC, but the dealer does not recommend buying above $70,000.

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 November 19.

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