Bitcoin, Ethereum, Dogecoin Close Out Strong Week On A High: 'Play Offense,' Says Bullish Trader

Benzinga · 09/27 19:16

Cryptocurrency markets are finishing the week on a high, with Bitcoin peaking past $66,000 in midday trading.

Cryptocurrency Price     Gains +/-
Bitcoin (CRYPTO: BTC)  $65,934  +1.1%
Ethereum (CRYPTO: ETH)  $2,705  +1.9%
Solana (CRYPTO: SOL)  $158.59  +1.3%
Dogecoin (CRYPTO: DOGE)  $0.1246  +5.3%
Shiba Inu (CRYPTO: SHIB)  $0.00002052  +10.9%

Notable Statistics:

  • IntoTheBlock data shows large transaction volume increasing by 3.7% and daily active addresses rising by 1.3% for Bitcoin.
  • According to Coinglass data, 63,487 traders liquidated in the past 24 hours for $139.18 million, with $85 million being short liquidations.

Notable Developments:

Top Gainers:

Cryptocurrency Price     Gains +/-
Notcoin (CRYPTO: NOT)  $0.01048   +21.9%
Bonk (CRYPTO: BONK)  $0.00002302  +12.2%
Pepe (CRYPTO: PEPE)  $0.00001062  +12.1%

Trader Notes: Analyst Benjamin Cowen sees ETH moving up to its bull market support band, which would constitute a move to the $2,900s.

Altcoin Psycho feels emboldened by the recent uptrend, saying it is time to “play offense.” he has bought several undisclosed altcoins and will “check back” in 4 to 8 weeks.

Trader Tyrogue implies that retail investors will soon get interested in meme coins again due to the unit bias. He thinks they will wonder “what if this coin went to $1?” and buy accordingly.

Smileycapital thinks several fundamental factors are aligning for crypto to go higher:


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