Cryptocurrency Markets Are Trading Mostly Sideways to Close Out the Week

Notable Statistics: Notable Developments: Top Gainers: Trader Notes: With Bitcoin prices breaching the $76,000 mark, crypto trader Kevin sees BTC trading in an ascending triangle.

(Benzinga) Cryptocurrency markets are trading mostly sideways to close out the week.

Notable Statistics:

Bitcoin breached the $76,000 mark on Friday morning.

According to CoinGecko, XRP is up 11.3% in the past 24 hours.

Cryptocurrency markets are showing mixed results on Friday morning.

Bitcoin (CRYPTO: BTC) is trading at $76,186, up 0.05% in the past 24 hours.

Ethereum (CRYPTO: ETH) is trading at $4,655, down 0.24% in the past 24 hours.

Dogecoin (CRYPTO: DOGE) is trading at $0.28, down 0.13% in the past 24 hours.

Shiba Inu (CRYPTO: SHIB) is trading at $0.000070, up 0.05% in the past 24 hours.

🆙 Top Gainers

The biggest gainer among the top 200 cryptocurrencies by market cap is XRP, which is up 11.3% in the past 24 hours.

Other top gainers include Polygon (CRYPTO: MATIC), which is up 6.3%, and Avalanche (CRYPTO: AVAX), which is up 4.3%.

Notable Developments:

Crypto trader Kevin sees BTC trading in an ascending triangle, with a price target of $80,000.

Titan Of Crypto predicts a potential Bitcoin cycle peak around the end of 2025, with a target of $150,000.

Top crypto traders are sharing their outlook on Bitcoin price movements.

Crypto trader Kevin shared a chart of BTC/USD, showing the price action forming an ascending triangle pattern. He said the price target for the breakout is $80,000.

Crypto trader More Crypto Online said he is looking at the Fib levels for Bitcoin on the four-hour time frame. He said the price action is showing a breakout from a key resistance zone, Fib 0.618 at $74,500. The trader said the next Fib level is 1 at $78,000.

If the price drops below Fib 0.5 at $74,500, attention will shift to Fib 0.382 at $73,977 and Fib 0.236 at $69,418 for support, the trader noted.

Crypto trader Jovon Marks said he is looking at Bitcoin, which is seeing a strong rally. He said the key target is $67,559, which is Fib 0.618 for the rally from $51,343 to $103,268.

If the price manages to hold Fib 0.618, the next level in sight is $116,652 in another 51% rally, which can take place at a more powerful pace than many think, Marks said.

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.