Bitcoin Hits 2-Month At $118,000 High, Ethereum, XRP, Dogecoin Rocket Higher <\/p>\n
Bitcoin has hit its highest price in two months by surging above $118,000 on early Thursday morning.<\/p>\n
Cryptocurrency<\/p>\n
Ticker<\/p>\n
Price<\/p>\n
Bitcoin<\/p>\n
(CRYPTO: BTC<\/a>)<\/p>\n $118,705.11<\/p>\n Ethereum<\/p>\n (CRYPTO: ETH<\/a>)<\/p>\n $4,382.63<\/p>\n Solana<\/p>\n (CRYPTO: SOL<\/a>)<\/p>\n $225.07<\/p>\n XRP<\/p>\n (CRYPTO: XRP<\/a>)<\/p>\n $2.99<\/p>\n Dogecoin<\/p>\n (CRYPTO: DOGE<\/a>)<\/p>\n $0.2579<\/p>\n Shiba Inu<\/p>\n (CRYPTO: SHIB<\/a>)<\/p>\n $0.00001261<\/p>\n Notable Statistics:<\/p>\n Coinglass data shows 106,691 traders were liquidated in the past 24 hours for $357.41 million.\u00a0\u00a0\u00a0\u00a0 <\/p>\n SoSoValue data shows net inflows of $675.8 million into spot Bitcoin ETFs on Wednesday. Spot Ethereum ETFs saw net inflows of $80.8 million.<\/p>\n Trader Notes: Daan Crypto Trades emphasized<\/a> October’s historical strength but cautioned that seasonality should not be the sole basis for trading decisions.<\/p>\n Currently, Bitcoin is on a streak of six consecutive green Octobers, with the past six months aligning closely with average returns.<\/p>\n Trader XO noted<\/a> BTC trading near the Value Area High around $119,000, aligning with the $120,000 five-week composite high, which acts as local resistance. A potential pullback into $114,000\u2013$115,000 could offer a favorable long setup as part of a corrective rotation.<\/p>\n Crypto Bully observed<\/a> Ethereum setting a local low near $3,900, with $4,300 as key resistance. Weak reactions at this level suggest bulls may regain control, presenting long opportunities.<\/p>\n Crypto chart analyst Ali Martinez highlighted<\/a> XRP holding support at $2.80, leaving room for a potential rebound if the level remains intact.<\/p>\n For Solana, Martinez sees a bullish retest completed, targeting $320\u2013$360 next.<\/p>\n