Bitcoin
BTC$28 279.47

0.07%

Ethereum
ETH$1 799.37

-0.44%

Tether
USDT$1.001852

0.03%

Binance Coin
BNB$326.48

-3.19%

USD Coin
USDC$0.999094

0.05%

XRP
XRP$0.442825

11.63%

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

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