Bitcoin cools from 1-week highs with key long-term metric echoing $44K
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.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 75.2% | 48 | $28 279.47 | 0.07% | 13.63% | $546 494 314 501 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 83.6% | 31 | $1 799.37 | -0.44% | 7.08% | $220 196 375 480 |  |
|
| 3 |  USDT |
Tether predictions | 94.4% | 1 | $1.001852 | 0.03% | -0.30% | $77 579 753 841 |  |
|
| 4 |  BNB |
Binance Coin predictions | 78% | 46 | $326.48 | -3.19% | 5.28% | $51 548 167 677 |  |
|
| 5 |  USDC |
USD Coin predictions | 94.4% | 2 | $0.999094 | 0.05% | -0.02% | $35 208 468 704 |  |
|
| 6 |  XRP |
XRP predictions | 86.8% | 15 | $0.442825 | 11.63% | 20.07% | $22 562 333 716 |  |
|
| 7 |  HEX |
HEX predictions | 63.6% | 81 | $0.105163 | 5.10% | 28.30% | $18 236 394 788 |  |
|
| 8 |  ADA |
Cardano predictions | 76.4% | 51 | $0.371643 | 7.97% | 10.64% | $12 903 136 163 |  |
|
| 9 |  STETH |
Lido stETH predictions | 96% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
|
| 10 |  MATIC |
Polygon predictions | 76.4% | 48 | $1.15 | -0.34% | -2.20% | $10 039 890 799 |  |
|
| 11 |  DOGE |
Dogecoin predictions | 71.6% | 55 | $0.075145 | 1.86% | 2.48% | $9 969 588 590 |  |
|
| 12 |  SOL |
Solana predictions | 73.2% | 56 | $22.53 | -1.79% | 9.39% | $8 642 061 823 |  |
|
| 13 |  BUSD |
Binance USD predictions | 93.2% | 1 | $1.000025 | 0.01% | -0.03% | $8 119 883 434 |  |
|
| 14 |  DOT |
Polkadot predictions | 75.6% | 50 | $6.29 | 0.46% | 1.61% | $7 344 673 141 |  |
|
| 15 |  WTRX |
Wrapped TRON predictions | 84.8% | 22 | $0.067252 | 3.83% | 1.45% | $6 837 900 813 |  |
