Bitcoin
BTC$27 039.83

2.05%

Ethereum
ETH$1 673.68

2.76%

Tether
USDT$0.999935

0.08%

Binance Coin
BNB$216.15

1.27%

XRP
XRP$0.510677

1.70%

USD Coin
USDC$1.000031

-0.01%

Bitcoin price hits 1-week high in minutes on sudden $1.5K gains


02 Nov 2021

#Ethereum

A predicted breakout comes true as BTC price action ends a multi-day sideways trading period in style. Bitcoin (BTC) abruptly hit one-week highs on Nov. 2 after days of sideways action ended in a brief but strong breakout. Data from Cointelegraph Markets Pro and TradingView followed sudden volatility on BTC/USD as it gained over $1,500 in minutes. At the time of writing, $63,400 formed a focus amid the pair’s highest levels since Oct. 25. For popular analyst Filbfilb and others, the move was anticipated, with chart signals flashing volatility on Monday.

“Another bit of a nothing day for bitcoin.. still struggling around the MR line... next touch on resistance will be a 4th touch of the downtrend so a retest and breakout fits with what I’m looking for,” he summarized to Telegram channel subscribers alongside an annotated chart. “We haven’t lost the MR line & found resistance there, but I’m expecting the next move to happen in the next 48 hours.”

Others highlighted Bitcoin’s relative strength index (RSI) now being above 70 — a classic “prelude” to an incoming extended rally. As Cointelegraph reported, RSI levels are being keenly watched to determine both a breakout and an ideal market exit opportunity.

Funds squeeze the Bitcoin supply further

Bullish tendencies have been stacking up across the Bitcoin ecosystem as November starts. The latest data shows that in addition to on-chain metrics in the green, investment habits are echoing February — the run-up to previous all-time highs of $64,900. Specifically, funds purchased more BTC in October than miners produced — a first since the second month of the year.

Miners themselves have become accumulators in 2021, with only May’s China debacle causing a rift in the trend.


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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 95.6% 2 $27 039.83 2.05% 1.68% $527 252 460 832 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 89.2% 5 $1 673.68 2.76% 5.04% $201 236 607 315 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 96% 1 $0.999935 0.08% 0.01% $83 271 159 494 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 90.8% 2 $216.15 1.27% 2.52% $33 253 779 336 BNB 7 days price change
5 XRP (XRP) XRP XRP predictions 92% 9 $0.510677 1.70% 0.44% $27 225 409 135 XRP 7 days price change
6 USD Coin (USDC) USDC USD Coin predictions 94.8% 1 $1.000031 -0.01% 0.01% $25 532 133 625 USDC 7 days price change
7 Lido stETH (STETH) STETH Lido stETH predictions 92.8% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
8 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 85.2% 24 $0.088292 4.10% 5.99% $8 977 186 451 WTRX 7 days price change
9 Cardano (ADA) ADA Cardano predictions 91.6% 6 $0.251514 1.88% 2.61% $8 835 312 768 ADA 7 days price change
10 Dogecoin (DOGE) DOGE Dogecoin predictions 91.2% 4 $0.061731 1.06% 0.25% $8 716 622 382 DOGE 7 days price change
11 Solana (SOL) SOL Solana predictions 85.2% 20 $20.15 4.81% 2.65% $8 320 025 559 SOL 7 days price change
12 TRON (TRX) TRX TRON predictions 87.2% 22 $0.088863 4.54% 6.44% $7 915 896 490 TRX 7 days price change
13 Toncoin (TON) TON Toncoin predictions 58% 84 $2.23 1.65% -2.84% $7 660 748 928 TON 7 days price change
14 Dai (DAI) DAI Dai predictions 91.6% 1 $0.999533 -0.04% 0.01% $5 345 391 790 DAI 7 days price change
15 Polkadot (DOT) DOT Polkadot predictions 90% 7 $4.09 1.18% 1.62% $5 023 915 784 DOT 7 days price change

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