Bitcoin, Altcoins EU trade war resumes after US

Key Points:-

Bitcoin may remain under pressure as the US-EU trade war could create a risk-averse environment in the short term.

Most of the major altcoins have rejected their overhead resistance levels, indicating that the bears remain in command.

Bitcoin (BTC) retracement is trying to find support around $92,000, but the bears continue to push. A number of crypto analysts told Cointelegraph that the US-EU trade war could create a risk factor for the markets.

Uncertainty has pushed gold and silver to new all-time highs, while BTC is weakening. However, Network Economist Timothy Peterson says that BTC will eventually catch up with gold's rally. In his post on X, he said that both gold and BTC are heading in the same direction, but taking different paths.

While it may seem like a long-term boom, the short-term is subtle. Trader CrypNuevo said in an X Analysis thread that BTC may witness lower pressure due to uncertainty. The 2026 annual opening to $87,000 and the $80,500 minimum are milestones to look forward to.

Will BTC and the major altcoins break support levels? Let's examine the charts of the top 10 cryptocurrencies to find out.

S&P 500 index price forecast

The S&P 500 index (SPX) is facing a sell-off near the 7,000 level, but a positive sign is that the bulls have not given much ground to the bears.

The first sign of weakness will be a break below the 20-day moving average (EMA) (6,909). That suggests the bulls are taking profits. Buyers should defend the 50-day simple moving average (SMA) (6,829), as a break below could extend the correction to 6,720.

Conversely, if the price rebounds from the moving averages, the bulls will try to continue the uptrend. If buyers push the price above the 7,000 resistance, the index may rise to the 7,290 level.

US dollar index price forecast

The US Dollar Index (DXY) rose above the 50-day SMA (98.99) on Monday, but higher levels are attracting sellers.

If the price slips below the moving averages, the index may remain in the 97.74 to 100.54 range for some time.

Contrary to this assumption, if the price pulls back strongly from the moving averages, it indicates buying on the dip. The bulls will again try to drive the price above the 100.54 resistance. Sellers are expected to defend the 100.54 level with all their might, as a close above it signals the start of a new uptrend.

Bitcoin price prediction

BTC's retracement has reached the 20-day EMA ($92,625), which is critical recent support to watch out for.

If the price rebounds strongly from the 20-day EMA, it indicates positive sentiment. That includes the possibility of a break above the $97,924 level. The BTC/USDT pair may rally to $100,000 and later to $107,500.

On the other hand, a break and close below the moving averages suggests that the bulls are losing their grip. Bitcoin price may fluctuate in the range of $84,000 to $97,924 for a few days.

Ether price prediction

Ether (ETH) remains stuck in a balanced triangle pattern, indicating uncertainty about the next directional move.

The slightly uptrending 20-day EMA ($3,190) and relative strength index (RSI) near the midpoint do not show a clear advantage for either the bulls or the bears. If the price closes below the 20-day EMA, the ETH/USDT pair may extend its stay in the triangle.

If the price of Ether closes above the resistance line, the advantage is tilted to the bulls. The pair can go for $3,569 and then $4,000. On the upside, a close below the support line could sink the pair to $2,623.

XRP price prediction

XRP's break below the 50-day SMA ($2) indicates that the bears are back in the game.

The bears will try to strengthen their position by pulling the price in a strong support zone between $1.61 and the support line. If the price rebounds strongly from the support zone, it indicates that the XRP/USDT pair may remain in the channel for some time.

The downside may pick up momentum on the close below the support line. The price could drop to an October 10 low of $1.25.

To signal a trend reversal, buyers need to push the XRP price above the lower line.

BNB price prediction

Sellers pushed the price of BNB below the 20-day EMA ($912) on Monday, but the long tail on the candle indicates buying at lower levels.

The bulls should push BNB price above $960 to signal the start of a move towards the $1,066 pattern target.

Sellers may have other plans. They will try to defend the resistance above and pull the BNB/USDT pair below the 50-day SMA ($884). If they do that, the rejection suggests that the market has a breakdown above the $928 level. The pair may drop to the top line and eventually $790.

Solana price forecast

Solana (SOL) rejected the $147 resistance and reached the 50-day SMA ($132), indicating that the bears are active at higher levels.

Both moving averages are flattening, RSI is below the midpoint, indicating that the SOL/USDT pair may continue to strengthen between $117 and $147 for some time.

Buyers would signal the start of a new move by driving Solana's price above the $147 level. The pair can be collected for around $172. Conversely, a break below $117 could sink the pair to $95.

RELATED: US Bitcoin Traders Revive Depression: Is BTC Price in Danger of Losing $90K?

Dogecoin price prediction

Dogecoin (DOGE) fell below its moving average on Sunday and reached support at $0.12 on Monday.

The long tail on the candle shows that the bulls are defending the $0.12 level. There is resistance at the moving averages, but if the bulls win, the DOGE/USDT pair may continue to oscillate in the $0.12 to $0.16 range for a few more days.

Instead, if the price of Dogecoin continues lower or breaks below the moving averages and breaks below $0.12, it will signal the resumption of the downtrend. The pair could retest the October 10 low of $0.10.

Cardano price prediction

Cardano (ADA) has broken below its moving averages on Sunday and is heading towards support at $0.33.

If the price recovers strongly from $0.33, the bulls will again try to push the ADA/USDT pair above the lower line. If they succeed, the price of Cardano may reach the $0.50 split level.

Alternatively, if the price breaks the $0.33 support, the next stop could be the support line of the descending channel pattern. Buyers are expected to protect the support line near the October 10 low of $0.27.

Bitcoin Cash price prediction

Bitcoin Cash (BCH) closed below the 50-day SMA ($594) on Saturday, indicating that the bears are trying to take charge.

The 20-day EMA ($608) has started to decline, and the RSI is in negative territory, indicating that the bears are dominant. A decline from the $563 level is expected to sell at the 20-day EMA. If the price of Bitcoin Cash deviates significantly from the 20-day EMA, the possibility of a break below the $563 support increases. The BCH/USDT pair may nosedive towards $518.

The first sign of strength will be a break above the 20-day EMA. The pair may rise to the $631 level, where the bears are expected to move in.