Bitcoin, Ethereum, Dogecoin Close The Week Trading Sideways

Cryptocurrency markets are trading mostly sideways to close out the week.

Cryptocurrency	Price	Gains +/-
Bitcoin (CRYPTO: BTC)	$76,596.76	-0.1%
Ethereum (CRYPTO: ETH)	$2,941.75	+1.8%
Solana (CRYPTO: SOL)	$198.79	+0.9%
Dogecoin (CRYPTO: DOGE)	$0.1959	+1.8%
Shiba Inu (CRYPTO: SHIB)	$0.00001878	-0.9%

Notable Statistics:

IntoTheBlock data shows large transaction volume decreasing by 26.3% and daily active addresses falling by 10.2%. Transactions greater than $100,000 are up from 15,034 to 11,544 in a single day. Exchanges netflows are up by 94.2%.
Coinglass data reports 91,985 traders were liquidated in the past 24 hours for $265.50 million.
On-chain and macro research provider Axel Adler Jr noted that the Bitcoin Profitability Index is currently at 221%, with past cycle peaks reaching 460% and 395%, and the previous high at 272%. Currently, users have an average profitability exceeding their initial investments by 121%.

Notable Developments:

Top Gainers:

Cryptocurrency	Price	Gains +/-
Cronos (CRYPTO: CRO)	$0.1125	+22%
Polygon (CRYPTO: MATIC)	$0.4	+16.4%
Cardano (CRYPTO: ADA)	$0.44	+10.6%

Trader Notes: With Bitcoin prices breaching the $76,000 mark, crypto trader Kevin sees BTC trading in an ascending triangle. He says the price target is $80,000.

Titan Of Crypto stated that Bitcoin "usually tops 12-13 months” after a U.S. presidential election. He predicts a potential cycle peak around the end of 2025, with a target of $150,000.

Crypto trader More Crypto Online is optimistic about Bitcoin reaching at least $78,000 but notes that a drop below $74,500 would shift attention to a Fibonacci support zone between $69,418 and $73,977. For now, the local trend remains upward.

Javon Marks predicts Bitcoin could see a 51% rally to $116,652 if it holds the key $67,559 target.

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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