Benzinga
Published Sep 09, 2022 21:55
Updated Sep 09, 2022 22:40
Bitcoin, Ethereum, Dogecoin Surge Higher Into The Weekend: What's Happening?
Bitcoin (CRYPTO: BTC) was leading the crypto sector higher during Friday’s 24-hour trading session, skyrocketing about 10% higher.
The bullish price action overnight on Thursday predicted a big move north for the general markets on Friday, which saw the S&P 500 rally about 1.7%.
By late afternoon, Bitcoin was holding strong near to its high-of-day. Ethereum (CRYPTO: ETH) and Dogecoin (CRYPTO: DOGE) initially soared higher but started to consolidate intraday, declining about 1.7% and 2.5%, respectively, off the high-of-day.
Bitcoin will eventually need to consolidate and may begin to do so over the weekend. If that happens, Ethereum and Dogecoin are likely to follow suit.
Below is a look at the three crypto charts:
The Bitcoin Chart: Bitcoin negated its short downtrend during Friday’s session by printing a higher high above the most recent lower high. An uptrend hasn’t yet been confirmed, as the crypto hasn’t printed a higher low above $18,527.
Photo via Shutterstock.
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