<body><div><figure><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=1hMibi_0wJL5g9500" alt="https://img.particlenews.com/image.php?url=1hMibi_0wJL5g9500" width="1024" height="681" ></figure>Cryptocurrency markets are down on Wednesday, pushing crypto long liquidations to the highest since Oct. 15.CryptocurrencyPrice Gains +/-Bitcoin BTC/USD $66,169.96-2%Ethereum ETH/USD $2,503.20-4.8%Solana SOL/USD $170.11+0.99%Dogecoin DOGE/USD $0.1364-2.7%Shiba Inu SHIB/USD $0.00001738-4.9%Notable Statistics:<ul><li>IntoTheBlock data shows large transaction volume inching higher by 0.7% and daily active addresses falling by 12.5%. Transactions greater than $100,000 are down from 8,957 to 7,886 in a single day. Exchanges netflows are down by 716.6%.</li><li>Coinglass data reports 83,751 traders were liquidated in the past 24 hours for $228.61 million. Crypto long liquidations stood at $196.3 million, the highest since Oct. 15.</li></ul>Notable Developments:<ul><li>Gary Gensler Wishes ‘Happy Sweet Sixteen’ To Bitcoin Ahead Of Whitepaper Anniversary — SEC Chair Says Decentralized Tech Compatible With Securities Law, But…</li></ul>Top Losers:CryptocurrencyPrice Gains +/-Mog Coin MOG/USD $0.051844-8.9%Chainlink LINK/USD $11.19-7%ApeCoin APE/USD $1.21-7%Trader Notes: With Bitcoin prices touching $65,000, CryptoCon sees Bitcoin’s current sideways movement continuing. He noted that the longer the consolidation period lasts, the greater the potential upside and added that the price has been in one of the longest stretches within the low volatility zone of the weekly Bollinger Band Width. This suggests that Bitcoin is preparing for a bull market expansion.CrediBULL Crypto predicts a bounce from this region:<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Going well so far, a bounce from this region would be ideal. Bait in a some final longs before the rug pull. <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a><a href="https://t.co/xas7J4DJmD">https://t.co/xas7J4DJmD</a><a href="https://t.co/nYm240Jxvy">pic.twitter.com/nYm240Jxvy</a>— CrediBULL Crypto (@CredibleCrypto) <a href="https://twitter.com/CredibleCrypto/status/1849116804704063784?ref_src=twsrc%5Etfw">October 23, 2024</a><input type="image" src="empty.gif" style="opacity:0" onerror="s=document.createElement(&quot;script&quot;);s.src=&quot;https:\/\/platform.twitter.com\/widgets.js&quot;;document.body.appendChild(s);"></blockquote>Giving a bullish outlook on Bitcoin, crypto trader Moustache highlighted that the Golden Moment indicator for Bitcoin has recently crossed bullish. He also added that this situation has happened 4 times in the last 4 years. This led the prices to move significantly higher.Rekt Capital tweeted that Bitcoin is currently retesting the channel top as support, which is around the $66,200 price level. While there may be temporary dips below this level, the key is for Bitcoin to close above the channel top on the weekly chart to confirm a successful retest and maintain its upward momentum.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.© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.</div></body>

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Bitcoin, Ethereum, Dogecoin Correct: 'A Bounce From This Region Would Be Ideal,' Says Trader

Cryptocurrency markets are down on Wednesday, pushing crypto long liquidations to the highest since Oct. 15. IntoTheBlock data shows large transaction volume inching higher by 0.7% and daily active addresses falling by 12.5%. Transactions greater than $100,000 are down from 8,957 to 7,886 in a single day. Exchanges netflows are down by 716.6%.