Bitcoin suddenly passes $61K as a $1.7K hourly candle fuels BTC bulls
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.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 59.6% | 92 | $20 358.95 | -1.33% | -0.55% | $388 446 303 368 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 55.2% | 90 | $1 152.46 | -1.93% | 4.48% | $139 837 109 318 |  |
|
| 3 |  USDT |
Tether predictions | 94.4% | 1 | $0.998816 | -0.02% | -0.02% | $66 745 776 786 |  |
|
| 4 |  USDC |
USD Coin predictions | 93.6% | 1 | $1.000328 | 0.02% | 0.03% | $55 820 927 466 |  |
|
| 5 |  BNB |
Binance Coin predictions | 58.4% | 89 | $229.42 | -1.07% | 5.78% | $37 459 518 058 |  |
|
| 6 |  BUSD |
Binance USD predictions | 91.6% | 1 | $0.999158 | -0.18% | 0.06% | $17 369 031 848 |  |
|
| 7 |  XRP |
XRP predictions | 62% | 80 | $0.336907 | -1.76% | 4.22% | $16 287 125 919 |  |
|
| 8 |  ADA |
Cardano predictions | 65.6% | 75 | $0.474957 | -1.02% | 1.44% | $16 117 202 321 |  |
|
| 9 |  SOL |
Solana predictions | 68% | 66 | $35.68 | -4.55% | 1.04% | $12 230 152 580 |  |
|
| 10 |  DOGE |
Dogecoin predictions | 61.6% | 80 | $0.067308 | -3.10% | 5.51% | $8 929 753 009 |  |
|
| 11 |  DOT |
Polkadot predictions | 63.2% | 78 | $7.42 | -1.67% | -1.75% | $7 329 831 546 |  |
|
| 12 |  DAI |
Dai predictions | 92% | 1 | $1.000154 | 0.06% | 0.05% | $6 718 496 522 |  |
|
| 13 |  TRX |
TRON predictions | 55.6% | 91 | $0.066274 | 0.93% | 2.59% | $6 130 034 055 |  |
|
| 14 |  SHIB |
SHIBA INU predictions | 63.2% | 74 | $0.000010 | -5.15% | 3.23% | $5 583 599 858 |  |
|
| 15 |  LEO |
UNUS SED LEO predictions | 76.8% | 50 | $5.74 | -1.31% | -1.91% | $5 479 483 866 |  |
