Bitcoin
BTC$26 626.63

1.00%

Ethereum
ETH$1 852.70

0.57%

Tether
USDT$1.000082

0%

Binance Coin
BNB$264.73

1.73%

USD Coin
USDC$1.000009

0.01%

XRP
XRP$0.527114

0.42%

Bitcoin suddenly passes $61K as a $1.7K hourly candle fuels BTC bulls


28 Oct 2021

#Bitcoin

Bitcoin pulls a fresh surprise out of the hat just as opinions were beginning to flip bearish below $60,000. Bitcoin (BTC) delivered another classic surge during Oct. 28 as bulls enjoyed a $1,700 hourly candle. Data from Cointelegraph Markets Pro and TradingView showed BTC/USD breaking back above $60,000 after tracking sideways since early Wednesday.

The move meant that the pair cast firm doubt on recent bearish behavior, all but invalidating a head-and-shoulders pattern in line with expectations. As Cointelegraph reported, analysts were already unfazed by Bitcoin’s retracement, with some even increasing their price targets over longer timeframes.

At the time of writing, BTC/USD circled $61,000, having reached local highs of $61,250 on Bitstamp. Funding rates remained low, pointing to the successful “flushing” of leverage in recent days.

Dogs dominate altcoins

Altcoins moved upward in step with Bitcoin, with the top 10 cryptocurrencies by market capitalization seeing gains of several percentage points. The market was still dominated by Shiba Inu (SHIB), however, with the altcoin advancing 43% on the day and 150% in a week. The spotlight subsequently switched to Dogecoin (DOGE), which put in a copycat move as SHIB/USD came off record highs. 


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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 93.2% 3 $26 626.63 1.00% -0.87% $516 464 609 849 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 92.8% 1 $1 852.70 0.57% -0.88% $222 751 849 771 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 96% 1 $1.000082 0% -0.01% $83 308 309 639 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 91.6% 11 $264.73 1.73% -13.08% $41 259 245 686 BNB 7 days price change
5 USD Coin (USDC) USDC USD Coin predictions 95.6% 1 $1.000009 0.01% 0% $28 440 495 970 USDC 7 days price change
6 XRP (XRP) XRP XRP predictions 69.6% 56 $0.527114 0.42% 3.72% $27 403 076 118 XRP 7 days price change
7 Cardano (ADA) ADA Cardano predictions 90% 7 $0.324988 0.50% -11.23% $11 342 559 631 ADA 7 days price change
8 Lido stETH (STETH) STETH Lido stETH predictions 93.2% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
9 Dogecoin (DOGE) DOGE Dogecoin predictions 92.8% 8 $0.067988 0.78% -5.23% $9 497 028 333 DOGE 7 days price change
10 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 73.2% 51 $0.077603 0.68% 3.24% $7 890 342 183 WTRX 7 days price change
11 Solana (SOL) SOL Solana predictions 89.6% 16 $19.03 0.73% -8.01% $7 576 221 922 SOL 7 days price change
12 Polygon (MATIC) MATIC Polygon predictions 84.8% 16 $0.782857 1.43% -12.13% $7 272 328 244 MATIC 7 days price change
13 TRON (TRX) TRX TRON predictions 74.8% 49 $0.077825 1.34% 3.80% $7 015 200 066 TRX 7 days price change
14 Litecoin (LTC) LTC Litecoin predictions 78.4% 38 $88.60 -0.41% -6.51% $6 476 473 067 LTC 7 days price change
15 Polkadot (DOT) DOT Polkadot predictions 90.4% 6 $5.03 -0.02% -3.69% $5 997 807 752 DOT 7 days price change

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