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