Bitcoin
BTC$28 035.57

1.66%

Ethereum
ETH$1 775.07

1.02%

Tether
USDT$1.000976

-0.19%

Binance Coin
BNB$323.46

-0.40%

USD Coin
USDC$0.999601

0.01%

XRP
XRP$0.428645

-4.23%

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 69.6% 54 $28 035.57 1.66% 4.95% $541 839 096 808 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 78% 39 $1 775.07 1.02% 1.84% $217 221 883 335 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 95.6% 1 $1.000976 -0.19% -0.14% $78 562 701 230 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 76.4% 51 $323.46 -0.40% -2.95% $51 071 426 316 BNB 7 days price change
5 USD Coin (USDC) USDC USD Coin predictions 94.4% 2 $0.999601 0.01% -0.01% $34 392 573 197 USDC 7 days price change
6 XRP (XRP) XRP XRP predictions 85.2% 21 $0.428645 -4.23% 14.37% $21 839 846 254 XRP 7 days price change
7 HEX (HEX) HEX HEX predictions 58.8% 82 $0.096384 -19.91% 10.66% $16 714 004 185 HEX 7 days price change
8 Cardano (ADA) ADA Cardano predictions 76% 43 $0.362541 -2.33% 6.05% $12 588 135 268 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 Dogecoin (DOGE) DOGE Dogecoin predictions 74% 51 $0.075059 -2.95% 0.21% $9 958 117 300 DOGE 7 days price change
11 Polygon (MATIC) MATIC Polygon predictions 76.4% 48 $1.11 -1.01% -7.45% $9 708 811 453 MATIC 7 days price change
12 Solana (SOL) SOL Solana predictions 74.4% 52 $21.67 -0.29% 6.07% $8 316 110 713 SOL 7 days price change
13 Binance USD (BUSD) BUSD Binance USD predictions 92% 1 $0.996930 -0.27% -0.39% $8 039 266 757 BUSD 7 days price change
14 Polkadot (DOT) DOT Polkadot predictions 71.6% 49 $6.16 -0.32% -4.71% $7 244 608 987 DOT 7 days price change
15 Litecoin (LTC) LTC Litecoin predictions 68% 58 $91.86 0.28% 9.72% $6 664 265 906 LTC 7 days price change

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