Bitcoin Taps $81K, Ethereum, Dogecoin Extend Rally Over Weekend: Legendary Trader Projects Apex Crypto To Hit $125K By New Year

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Bitcoin Taps $81K, Ethereum, Dogecoin Extend Rally Over Weekend: Legendary Trader Projects Apex Crypto To Hit $125K By New Year

Benzinga11-11

Leading cryptocurrencies advanced higher on Sunday as the searing election week rally continued into the weekend. CryptocurrencyPerformance +/-Price (Recorded at 7:30 p.m. ET)Bitcoin BTC/USD+4.94%$80,...

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The Dow Jones Industrial Average Futures rose 32 points, or 0.07%, as of 7:40 p.m. EDT.  Futures tied to the S&P 500 gained 0.14%, while Nasdaq 100 Futures added 0.24%.\nThe moves followed a sensational election week rally that saw the three blue-chip indexes, the Dow, the S&P 500, and the Nasdaq Composite, close at record highs.\nThis week, investors would watch out for key inflation numbers, including October's consumer price index slated for Wednesday, and the producer price index data, due on Thursday.\nSee More: Best Cryptocurrency Scanners\nAnalyst Notes: Legendary cryptocurrency trader Peter Brandt projected Bitcoin to hit $125,000 by New Year.\n\"When BTC decides to “Mark-Up,” it never looks back. Throughout its history, when BTC runs – it runs,\" Brandt said.\n\nBitcoin gave everyone a chance to buy breaks from Mar-Oct '24When BTC decides to \"Mark-Up,\" it never looks backThroughout its history, when BTC runs – it runsBased on Jan-Mar '24 run as ONLY one \"time/price\" Bayesian probability \"priors,\" price could hit $125k by New Years pic.twitter.com/HCiKKojDkA— Peter Brandt (@PeterLBrandt) November 10, 2024\n\nWidely-followed cryptocurrency trader and analyst Scient predicted a halt in BTC's rally around $84-85,000, followed by a correction/consolidation for 7-10 days before resuming the uptrend.\n\"If it does happen, looking to bid between $71,000-$69,000,\" the trader stated.\n\n$BTC, I think we are close to the local top.Anticipating the price to halt around $84-85k followed by a correction/consolidation for 7-10 days before we resume up again.If it does happen, Looking to bid between $71k-$69k.#BTC #BTCUSDT pic.twitter.com/9Nco8Jakg1— Scient (@Crypto_Scient) November 10, 2024\n\nRead Next:    \n\nKiyosaki Aims To Own 100 Bitcoins By 2025: ‘I Wish Bitcoin Was Back To $10 A Coin, But Wishing Has Never Made Poor People Richer’\n\nPhoto courtesy: Unsplash Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}