{"id":374238,"date":"2021-11-30T10:40:20","date_gmt":"2021-11-30T07:40:20","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-cools-from-1-week-highs-with-key-long-term-metric-echoing-44k\/"},"modified":"2021-11-30T10:40:20","modified_gmt":"2021-11-30T07:40:20","slug":"bitcoin-cools-from-1-week-highs-with-key-long-term-metric-echoing-44k","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-cools-from-1-week-highs-with-key-long-term-metric-echoing-44k\/","title":{"rendered":"# Bitcoin cools from 1-week highs with key long-term metric echoing $44K"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a29d731f2df4\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a29d731f2df4\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-cools-from-1-week-highs-with-key-long-term-metric-echoing-44k\/#RSI_sees_%E2%80%9Cbullish_engulfing%E2%80%9D\" >RSI sees &#8220;bullish engulfing&#8221;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-cools-from-1-week-highs-with-key-long-term-metric-echoing-44k\/#Ethereum_avoids_breakout_against_BTC\" >Ethereum avoids breakout against BTC<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Bitcoin cools from 1-week highs with key long-term metric echoing $44K <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-128018ef>Bitcoin (BTC) returned to cement higher support on Nov. 30 after the latest BTC price comeback halted near $59,000.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-11\/becb761b-4e34-42ad-8fc9-85b8b21e0cc3.png\"><figcaption style=\"text-align: center;\"><em>BTC\/USD 1-hour candle chart (Bitstamp). Source: TradingView<\/em><\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"RSI_sees_%E2%80%9Cbullish_engulfing%E2%80%9D\"><\/span>RSI sees &#8220;bullish engulfing&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Data from Cointelegraph Markets Pro and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/?exchange=BITSTAMP\">TradingView<\/a>\u00a0showed BTC\/USD reversing to local lows of $55,920 on Bitstamp overnight.<\/p>\n<p>The pair then recovered to circle $56,500 at the time of writing, with analysts keeping the faith on higher timeframe strength.<\/p>\n<p>Popular <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> personality TechDev noted that Bitcoin&#8217;s stochastic relative strength index (Stoch RSI) had &#8220;reset&#8221; to levels that echo BTC\/USD at $44,000 \u2014 just before the run, which culminated in all-time highs.<\/p>\n<p>&#8220;Bullish engulfing printed on stoch RSI cross with RSI reset to 44K levels,&#8221; he <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/TechDev_52\/status\/1465518202042175490\">summarized<\/a> alongside the 3-day chart.\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/TechDev_52\/status\/1465518202042175490\/photo\/1\"><\/a><\/p>\n<p>Bitcoin&#8217;s late strength Monday coincided with a return to form for macro markets and <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> that Twitter CEO Jack Dorsey had quit the company to focus entirely on Bitcoin activities.<\/p>\n<p>While $60,000 remained out of reach of bulls, signs of a marked shift in sentiment were everywhere.<\/p>\n<p>&#8220;Bitcoin high timeframe structure is bullish. Cycle awareness is key,&#8221; TechDev <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/TechDev_52\/status\/1465466093632434179\">added<\/a> in a separate post.<\/p>\n<p>The <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/alternative.me\/crypto\/fear-and-greed-index\/\">Crypto Fear &amp; Greed Index<\/a>, days ago in &#8220;extreme fear&#8221; territory, looked set to enter its &#8220;neutral&#8221; zone with a score of 40\/100 Tuesday.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-11\/741b4fa0-1d31-43a5-8cf2-4a33d0991c73.png\"><figcaption style=\"text-align: center;\"><em>Crypto Fear &amp; Greed Index. Source: Alternative.me<\/em><\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"Ethereum_avoids_breakout_against_BTC\"><\/span>Ethereum avoids breakout against BTC<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>For Ether (ETH) against Bitcoin, the picture was mixed.<\/p>\n<p><strong><em>Related:\u00a0Where will BTC end November 2021? 5 things to watch in Bitcoin this week<\/em><\/strong><\/p>\n<p>As altcoins saw broadly flat performance over the past 24 hours, trader Crypto Ed highlighted a rising wedge pattern on the 4-hour timeframes for ETH\/BTC. The weekly chart produced similar characteristics.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">ETHBTC<br \/>Still in that rising wedge and no break out imo. <br \/>Bullish sign is the break of that RSI down trend overnight. <\/p>\n<p>As said in previous tweets: it may break out, but as long as it doesn&#8217;t, I&#8217;m not bullish yet. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/Mcty5cTmYy\">pic.twitter.com\/Mcty5cTmYy<\/a><\/p>\n<p>\u2014 Crypto_Ed_NL (@Crypto_Ed_NL) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Crypto_Ed_NL\/status\/1465555444303335427?ref_src=twsrc%5Etfw\">November 30, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Rising wedge structures are often seen as a potential bear flag due to their tendency to break to the downside.\u00a0<\/p>\n<p>ETH\/USD traded at $4,400 at the time of writing, nonetheless up 7.3% over the past week.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-11\/49d0798f-0e9c-4169-a0d2-e1a576d5e6f0.png\"><figcaption style=\"text-align: center;\"><em>ETH\/USD 1-hour candle chart (Bitstamp). Source: TradingView<\/em><\/figcaption><\/figure>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/bitcoin-cools-from-1-week-highs-with-key-long-term-metric-echoing-44k\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Bitcoin cools from 1-week highs with key long-term metric echoing $44K &#8221; Bitcoin (BTC) returned to cement higher support on Nov. 30 after the latest BTC price comeback halted near $59,000. BTC\/USD 1-hour candle chart (Bitstamp). Source: TradingView RSI sees &#8220;bullish engulfing&#8221; Data from Cointelegraph Markets Pro and TradingView\u00a0showed BTC\/USD reversing to local lows&#8230;<\/p>\n","protected":false},"author":1,"featured_media":374239,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTEvOWU1YjY3MzYtNjk4Yy00YTJlLWFiYTctZTY5Y2Q1ZWJjMWNmLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,74862,74937,82402,74891,73785],"class_list":["post-374238","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-bitcoin","tag-bitcoin-price","tag-ether-price","tag-ethereum","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/374238","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=374238"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/374238\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/374239"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=374238"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=374238"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=374238"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}