Bitcoin Falls Below $109,000, Ethereum, XRP, Dogecoin Can't Catch A Break

Cryptocurrencies are down on Friday morning, with Bitcoin trading below $109,000 for the first time since the start of September.

Notable Statistics:

• Coinglass data shows 226,572 traders were liquidated in the past 24 hours for $970.63 million. 
• SoSoValue data shows net outflows of $258.5 million from spot Bitcoin ETFs on Wednesday. Spot Ethereum ETFs saw net outflows of $251.2 million.

Trader Notes: Crypto trader Jelle highlighted that Bitcoin is nearing its 200-day moving average cluster, a zone that has consistently acted as a mid-term bottom throughout this cycle.

Ted Pillows said BTC is consolidating above support: a bounce could lift prices toward $112,000, but failure risks a $101,000 retest.

For Ethereum, he noted a bounce from the $3,800 liquidity zone, though it must reclaim $4,060 to trigger upside momentum, otherwise risks dip to $3,600.

AltcoinGordon said that XRP's market structure looks clear, suggesting its next move appears obvious.

Zyn argued Solana may be experiencing its last major dip in Wyckoff accumulation, setting up for a Q4 rally with a $500 target this cycle.

Trader Tardigrade pointed to Dogecoin's monthly RSI strategy, emphasizing accumulation is still in play and DOGE shouldn't be sold until RSI signals the sell zone.

Read Next:

• Bitcoin Tumbles To $111,000: Bear Market Beginnings Or Still A Bull Market Dip?

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