Bitcoin
BTC$67 685.77

-1.74%

Ethereum
ETH$3 856.07

-1.86%

Tether
USDT$0.999067

-0.06%

Binance Coin
BNB$597.03

-1.13%

Solana
SOL$169.71

0.71%

USD Coin
USDC$1.000181

-0.01%

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 77.2% 43 $67 685.77 -1.74% -4.06% $1 333 720 305 958 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 67.6% 70 $3 856.07 -1.86% 2.36% $463 258 843 200 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 93.2% 1 $0.999067 -0.06% -0.07% $111 860 875 075 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 88.8% 6 $597.03 -1.13% -2.61% $88 113 124 808 BNB 7 days price change
5 Solana (SOL) SOL Solana predictions 67.6% 73 $169.71 0.71% -5.16% $76 285 696 632 SOL 7 days price change
6 USD Coin (USDC) USDC USD Coin predictions 94.4% 1 $1.000181 -0.01% 0.02% $32 486 438 065 USDC 7 days price change
7 XRP (XRP) XRP XRP predictions 92.8% 6 $0.528184 -0.83% -2.87% $29 277 463 978 XRP 7 days price change
8 Dogecoin (DOGE) DOGE Dogecoin predictions 76% 50 $0.162784 -4.05% -3.48% $23 518 429 286 DOGE 7 days price change
9 Toncoin (TON) TON Toncoin predictions 68.8% 64 $6.37 -1.95% 0.04% $22 123 822 286 TON 7 days price change
10 Cardano (ADA) ADA Cardano predictions 86.4% 19 $0.455335 -2.37% -9.08% $16 253 111 127 ADA 7 days price change
11 SHIBA INU (SHIB) SHIB SHIBA INU predictions 78.8% 33 $0.000026 0.32% -1.72% $15 102 955 216 SHIB 7 days price change
12 Avalanche (AVAX) AVAX Avalanche predictions 72.8% 52 $36.79 -2.29% -9.28% $14 455 407 164 AVAX 7 days price change
13 Chainlink (LINK) LINK Chainlink predictions 62.8% 82 $18.08 3.86% 6.92% $10 616 334 015 LINK 7 days price change
14 Wrapped Bitcoin (WBTC) WBTC Wrapped Bitcoin predictions 76.8% 42 $68 003.07 -1.36% -4.11% $10 570 844 156 WBTC 7 days price change
15 Polkadot (DOT) DOT Polkadot predictions 83.2% 33 $7.31 -2.59% -3.52% $10 506 078 807 DOT 7 days price change

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