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 | 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 |
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