Bitcoin
BTC$37 728.33

-0.28%

Ethereum
ETH$2 038.68

0.16%

Tether
USDT$1.000220

0%

Binance Coin
BNB$227.46

-0.15%

XRP
XRP$0.602825

-0.99%

Solana
SOL$59.29

-1.23%

Bitcoin cools from 1-week highs with key long-term metric echoing $44K


30 Nov 2021

#Bitcoin

A "bullish engulfing" enters on multi-day charts as BTC price action manages to preserve some of Monday's gains. Bitcoin (BTC) returned to cement higher support on Nov. 30 after the latest BTC price comeback halted near $59,000. Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reversing to local lows of $55,920 on Bitstamp overnight. The pair then recovered to circle $56,500 at the time of writing, with analysts keeping the faith on higher timeframe strength. Popular Twitter personality TechDev noted that Bitcoin's stochastic relative strength index (Stoch RSI) had "reset" to levels that echo BTC/USD at $44,000 — just before the run, which culminated in all-time highs.

"Bullish engulfing printed on stoch RSI cross with RSI reset to 44K levels," he summarized alongside the 3-day chart. 

Bitcoin's late strength Monday coincided with a return to form for macro markets and news that Twitter CEO Jack Dorsey had quit the company to focus entirely on Bitcoin activities.

While $60,000 remained out of reach of bulls, signs of a marked shift in sentiment were everywhere. 

"Bitcoin high timeframe structure is bullish. Cycle awareness is key," TechDev added in a separate post.

The Crypto Fear & Greed Index, days ago in "extreme fear" territory, looked set to enter its "neutral" zone with a score of 40/100 Tuesday.

Ethereum avoids breakout against BTC

For Ether (ETH) against Bitcoin, the picture was mixed. As altcoins saw broadly flat performance over the past 24 hours, trader Crypto Ed highlighted a rising wedge pattern on the 4-hour timeframes for ETH/BTC. The weekly chart produced similar characteristics.

Rising wedge structures are often seen as a potential bear flag due to their tendency to break to the downside.  ETH/USD traded at $4,400 at the time of writing, nonetheless up 7.3% over the past week.

 


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Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 92% 9 $37 728.33 -0.28% 1.52% $737 856 932 993 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 80% 36 $2 038.68 0.16% -0.93% $245 131 600 170 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 92.4% 1 $1.000220 0% 0.01% $89 301 326 887 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 84% 28 $227.46 -0.15% -1.99% $34 505 061 094 BNB 7 days price change
5 XRP (XRP) XRP XRP predictions 82.8% 34 $0.602825 -0.99% -2.49% $32 485 422 695 XRP 7 days price change
6 Solana (SOL) SOL Solana predictions 62.8% 85 $59.29 -1.23% 4.44% $25 137 174 902 SOL 7 days price change
7 USD Coin (USDC) USDC USD Coin predictions 93.2% 1 $0.999963 0% -0.01% $24 401 486 928 USDC 7 days price change
8 Cardano (ADA) ADA Cardano predictions 72.4% 52 $0.375998 -2.65% -1.88% $13 274 525 826 ADA 7 days price change
9 Dogecoin (DOGE) DOGE Dogecoin predictions 76% 43 $0.083756 3.15% 10.53% $11 897 079 788 DOGE 7 days price change
10 Lido stETH (STETH) STETH Lido stETH predictions 91.2% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
11 TRON (TRX) TRX TRON predictions 82.8% 23 $0.103586 -0.21% 1.87% $9 171 440 677 TRX 7 days price change
12 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 86% 26 $0.102132 -0.99% 0.74% $9 042 876 827 WTRX 7 days price change
13 Toncoin (TON) TON Toncoin predictions 82% 29 $2.41 -0.17% 0.51% $8 280 016 543 TON 7 days price change
14 Chainlink (LINK) LINK Chainlink predictions 71.6% 61 $14.43 -1.45% -0.43% $8 036 201 443 LINK 7 days price change
15 Avalanche (AVAX) AVAX Avalanche predictions 60.4% 89 $21.02 -0.56% 1.31% $7 673 673 520 AVAX 7 days price change

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