Bitcoin, Ethereum Open The Week Relatively Flat, Dogecoin Moves Higher, Trader Marks $91,000 As Key BTC Level To Prevent ‘Cool Off’

Cryptocurrency markets are trading relatively flat, with Dogecoin seeing rising momentum.

Notable Statistics:

• IntoTheBlock data shows large transaction volume decreasing by 16.2% and daily active addresses falling by 12.4%. Transactions greater than $100,000 are down from 9,207 to 8,261 in a single day. Exchanges netflows are down by 38.3%.
• Coinglass data reports 124,438 traders were liquidated for $349.60 million.
• Billionaire Paul Tudor hedge fund holds $230 million worth of BlackRock’s spot Bitcoin ETF.

Notable Developments:

Top Gainers:

Trader Notes: With Bitcoin prices trading relatively flat, Altcoin Sherpa sees Bitcoin continuing to have “mini consolidations.” He believes Bitcoin will continue without much pullback as it has consolidated for months. It is now “time to go.”

CryptoCon predicts Bitcoin’s monthly RSI bull run has arrived with two major tops remaining.  The trader says there is lots of room to grow.

Crypto trader Blackwidow predicts if Bitcoin cannot break and hold $91,000, there is a possibility of “a cool off before continuation end of the year or early 2025.” He sees a mania phase in 2025.

Crypto chart analyst Ali Martinez explained that Bitcoin surged 26% after breaking its all-time high of $19,700 in 2020.

It consolidated for a week and then spiked to $40,000. He is predicting a repeat in history as BTC has risen 28% since surpassing its previous ATH and has been consolidating for six days.

What’s Next: The influence of Bitcoin as an institutional asset class is expected to be thoroughly explored at Benzinga’s upcoming Future of Digital Assets event on Nov. 19.

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