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.
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.
# | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
1 | ![]() |
Bitcoin predictions | 69.6% | 54 | $28 035.57 | 1.66% | 4.95% | $541 839 096 808 | ||
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2 | ![]() |
Ethereum predictions | 78% | 39 | $1 775.07 | 1.02% | 1.84% | $217 221 883 335 | ||
3 | ![]() |
Tether predictions | 95.6% | 1 | $1.000976 | -0.19% | -0.14% | $78 562 701 230 | ||
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Binance Coin predictions | 76.4% | 51 | $323.46 | -0.40% | -2.95% | $51 071 426 316 | ||
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USD Coin predictions | 94.4% | 2 | $0.999601 | 0.01% | -0.01% | $34 392 573 197 | ||
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XRP predictions | 85.2% | 21 | $0.428645 | -4.23% | 14.37% | $21 839 846 254 | ||
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HEX predictions | 58.8% | 82 | $0.096384 | -19.91% | 10.66% | $16 714 004 185 | ||
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Cardano predictions | 76% | 43 | $0.362541 | -2.33% | 6.05% | $12 588 135 268 | ||
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Lido stETH predictions | 96% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 | ||
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Dogecoin predictions | 74% | 51 | $0.075059 | -2.95% | 0.21% | $9 958 117 300 | ||
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Polygon predictions | 76.4% | 48 | $1.11 | -1.01% | -7.45% | $9 708 811 453 | ||
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Solana predictions | 74.4% | 52 | $21.67 | -0.29% | 6.07% | $8 316 110 713 | ||
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Binance USD predictions | 92% | 1 | $0.996930 | -0.27% | -0.39% | $8 039 266 757 | ||
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Polkadot predictions | 71.6% | 49 | $6.16 | -0.32% | -4.71% | $7 244 608 987 | ||
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Litecoin predictions | 68% | 58 | $91.86 | 0.28% | 9.72% | $6 664 265 906 |
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