Bitcoin, Ethereum, Dogecoin confirm Friday's gains, but trader warns '$59,000 should be held, no big moves expected this weekend' – Grayscale Bitcoin Mini Trust (BTC) Unfractioned Common unit of beneficial interest (ARCA:BTC)

Cryptocurrency markets were up heading into the weekend, with altcoins also rising.

• According to IntoTheBlock data, large transaction volume decreased by 23.2% and daily active addresses increased by 3.6%. Transactions over $100,000 increased from 7,555 to 8,264 in one day. Exchange net flows decreased by 327.6%. Currently, 87% of Bitcoin holders are profitable, and 13% have reached break-even.
• According to data from Coinglass, 38,216 traders were liquidated in the past 24 hours, bringing the total liquidation amount to $115.88 million.

Trader notes: As Bitcoin price rises above $62,000, crypto traders Javon Marks The crypto tycoon still appears to be trying to regain its all-time high of $73,700. The price may also be set higher based on past performance of similar patterns. He predicted his next target to be $116,650.

crypto analyst Miles Deutscher We marked $59,000 as a must-hold level. “There won't be much activity this weekend (apart from meme trading) as the direction is still a bit unclear,” he predicted.

He added that more new highs are needed to formally break out of the downtrend structure.

michael van de poppe The trend has switched, highlighting the next test at $65,000.

Another crypto trader Seth The bull market continues, so be careful not to make any mistakes. He pointed out that whales are accumulating and stealing liquidity from retail traders. He predicted liquidity would lead to an “uptick.”

what's next: The impact of Bitcoin as an institutional asset class will be thoroughly explored at Benzinga's upcoming Future of Digital Assets event on November 19th.

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