Bitcoin price hits 1-week high in minutes on sudden $1.5K gains
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.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 83.2% | 29 | $61 987.58 | -2.94% | -12.51% | $1 220 267 394 171 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 79.2% | 38 | $3 025.21 | -2.28% | -15.39% | $363 243 851 333 |  |
|
| 3 |  USDT |
Tether predictions | 92.4% | 1 | $1.000011 | -0.02% | 0% | $109 033 133 030 |  |
|
| 4 |  BNB |
Binance Coin predictions | 85.2% | 27 | $549.23 | 1.47% | -10.88% | $82 128 832 421 |  |
|
| 5 |  SOL |
Solana predictions | 76.8% | 43 | $135.85 | -0.93% | -21.36% | $60 686 327 387 |  |
|
| 6 |  USDC |
USD Coin predictions | 90.8% | 2 | $1.000011 | 0% | -0.01% | $32 600 289 273 |  |
|
| 7 |  XRP |
XRP predictions | 77.2% | 44 | $0.497497 | -0.04% | -19.76% | $27 422 009 794 |  |
|
| 8 |  DOGE |
Dogecoin predictions | 71.6% | 60 | $0.149486 | -4.59% | -24.15% | $21 515 536 820 |  |
|
| 9 |  TON |
Toncoin predictions | 74.8% | 53 | $6.10 | -4.88% | -16.30% | $21 170 319 698 |  |
|
| 10 |  ADA |
Cardano predictions | 76% | 51 | $0.450927 | -1.39% | -23.34% | $16 061 820 427 |  |
|
| 11 |  SHIB |
SHIBA INU predictions | 57.6% | 85 | $0.000022 | -1.74% | -19.46% | $13 165 292 160 |  |
|
| 12 |  AVAX |
Avalanche predictions | 66% | 65 | $34.38 | -0.78% | -26.56% | $12 993 969 667 |  |
|
| 13 |  STETH |
Lido stETH predictions | 96% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
|
| 14 |  TRX |
TRON predictions | 85.2% | 15 | $0.109932 | -2.25% | -8.19% | $9 632 111 097 |  |
|
| 15 |  WBTC |
Wrapped Bitcoin predictions | 85.2% | 29 | $61 942.23 | -3.01% | -12.62% | $9 624 814 569 |  |
