Bitcoin
BTC$16 204.64

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Ethereum
ETH$1 173.16

-3.68%

Tether
USDT$0.999647

0.01%

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0%

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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 56.8% 88 $16 204.64 -2.14% 0.42% $311 432 382 083 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 60% 85 $1 173.16 -3.68% 3.84% $143 563 762 696 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 92.4% 1 $0.999647 0.01% 0.09% $65 339 620 742 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 68% 66 $294.91 -5.89% 12.96% $47 177 552 111 BNB 7 days price change
5 USD Coin (USDC) USDC USD Coin predictions 95.6% 1 $1.000120 0% 0% $44 306 171 640 USDC 7 days price change
6 Binance USD (BUSD) BUSD Binance USD predictions 94.8% 1 $1.000244 -0.05% -0.12% $22 407 001 633 BUSD 7 days price change
7 XRP (XRP) XRP XRP predictions 66% 75 $0.383128 -4.39% 7.55% $19 270 850 639 XRP 7 days price change
8 Dogecoin (DOGE) DOGE Dogecoin predictions 59.6% 90 $0.094582 -2.17% 23.40% $12 548 267 698 DOGE 7 days price change
9 Cardano (ADA) ADA Cardano predictions 61.2% 81 $0.305387 -3.59% -0.43% $10 515 677 795 ADA 7 days price change
10 Lido stETH (STETH) STETH Lido stETH predictions 92% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
11 Polygon (MATIC) MATIC Polygon predictions 68.4% 68 $0.820379 -4.13% 1.77% $7 165 449 645 MATIC 7 days price change
12 Polkadot (DOT) DOT Polkadot predictions 66% 72 $5.15 -4.45% -2.03% $5 867 952 400 DOT 7 days price change
13 Dai (DAI) DAI Dai predictions 94.8% 1 $1.000150 0.03% 0.05% $5 658 820 698 DAI 7 days price change
14 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 60.8% 79 $0.052628 -1.01% 4.79% $5 351 021 559 WTRX 7 days price change
15 Litecoin (LTC) LTC Litecoin predictions 66% 70 $71.68 -6.38% 18.26% $5 139 815 623 LTC 7 days price change

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