Bitcoin, Altcoins Fall to New Lows as Stocks Issue New Trump Tariffs

Bitcoin (BTC) weakness has opened up weekly as major stocks sell off after US President Donald Trump's decision to enforce a 15 percent global tariff is overturned by the Supreme Court ruling that the IEEPA tariffs are illegal.

The Crypto Fear and Greed Index of 5 out of 100 remains in the “extreme fear” zone, so market sentiment is weak. Anonymous trader and investor BitcoinHyper posted on X that the index has been in the worst fear zone for three weeks, the longest since 2022.

Traders on the prediction market Polymarket increased the odds of BTC below $55,000 to 72%. Forecast market expectations correspond with many analysts and financial institutions expecting a fall to $55,000 or below.

The bottom may not be, the expectation is that BTC will eventually recover and go higher. Economist Timothy Peterson wrote on X that BTC has been positive 50% of the time in the last 24 months. Using a statistical model, Peterson estimated that there is an 88% chance that BTC “will be higher 10 months from now.”

Can buyers resist support levels in BTC and major altcoins? 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 ) has been trading between 6,775 and 7,002 for several days, indicating a balance between supply and demand.

The flat moving average near the midpoint and the Relative Strength Index (RSI) do not give a clear advantage to either the bulls or the bears. Buyers need to find a close above the 7,002 resistance to signal a resumption of the uptrend. The index may rise to the 7,290 level.

If the price declines and breaks below the 6,775 level, this bearish view will become invalid in the near term. The index may drop to strong support at the 6,550 level.

US dollar index price forecast

The US dollar index (DXY) declined above its 50-day simple moving average (97.95) on Friday, indicating that the bears are likely to defend the level.

Sellers are trying to sink and hold the index below its 20-day EMA (97.48). If they manage to do that, the index could slide towards the 96.21 to 95.55 support zone.

Buyers may have other plans. They try to stop the reversal and push the price above the 50-day SMA. If they can pull through, the index may jump to the 99.50 level and then to the 100.54 resistance.

Bitcoin price prediction

BTC fell below the $65,118 support on Monday, but the bulls are trying to defend the level at the close.

Any support rally is expected to be sold at the 20-day EMA ($70,185). If the price of Bitcoin declines significantly from the 20-day EMA, it increases the possibility of a decline towards the crucial $60,000 support. A break below could sink the BTC/USDT pair to $52,500, so buyers should defend the $60,000 level with all their might.

Buyers should push the price above the 20-day EMA to signal demand for lower levels. The pair can go to the level of $74,508, the bears can create a strong challenge again.

Ether price prediction

Ether (ETH) fell below support nearby at $1,897 on Monday, opening the door for a retest of the $1,750 level.

Downward moving averages and an RSI near oversold territory increase the risk of a breakout. If the $1,750 level is taken, the ETH/USDT pair could continue its downward trend towards the next support at $1,537.

On the contrary, if the price of Ether rises significantly from 1,750 dollars, it indicates the demand for lower levels. That will likely keep the pair in the $1,750 to $2,111 range for some time. A close above $2,111 would be the first sign of strength, clearing the way for a rally to the 50-day SMA ($2,593).

XRP price prediction

XRP (XRP) has been trading between the support line of the descending channel pattern and the 20-day EMA ($1.47) for the past few days.

The slope of the 20-day EMA and RSI in the negative territory indicate that the bears are in control. If the support line is broken, the XRP/USDT pair could retest the February 6 low of $1.11. A break and close below the $1.11 level could extend the decline to psychological support at $1.

Buyers have an uphill task ahead of them. XRP price should move quickly above the lower line to signal a possible trend reversal.

BNB price prediction

BNB (BNB) fell below the immediate support at $587 on Monday, but the long tail on the candlestick indicates buying at lower levels.

The bulls will try to start a recovery, which is expected to sell at the 20-day EMA ($651). If the price breaks below the 20-day EMA, the bears will again try to pull the BNB/USDT pair below the $570 level. If they manage to do that, the price of BNB could start the next low level towards psychological support at $500.

Contrary to this assumption, if buyers cross the 20-day EMA, the pair may rally towards the $730 breakout level.

Solana price forecast

The failure of the bulls to push Solana (SOL) to the $95 breakout level indicates that the bears are moving higher.

Sellers will try to strengthen their position by pulling Solana's price below $76. If they succeed, the SOL/USDT pair could fall back to the February 6 low of $67, which is a critical support to watch out for. If the level gives way, the pair could drop to $60.

Any rally is expected to face resistance at the 20-day EMA and then the $95 level. A close above $95 suggests that the sellers are losing their grip. The pair could rise to $117.

RELATED: Bitcoin traders differ on BTC price strength at $60K view

Dogecoin price prediction

Dogecoin (DOGE) was rejected from the 20-day EMA ($0.10) on Saturday and could go down to the February 6 low of $0.08.

The bulls are expected to strongly defend the $0.08 level, as failure to do so could initiate the next downward move towards $0.06.

The 20-day EMA is the latest resistance to watch out for. A close above the 20-day EMA would be the first sign that selling pressure is easing. The DOGE/USDT pair may rise to the $0.12 breakout level, where the bears are expected to mount a strong resistance.

Bitcoin Cash price prediction

Buyers pushed Bitcoin Cash (BCH) above the 50-day SMA ($571) on Sunday but failed to sustain higher levels.

The bears sold aggressively and pushed the price of Bitcoin Cash below the 20-day EMA ($551). If the price falls below $538, the BCH/USDT pair may drop to a strong support at $500. Buyers are expected to strongly defend the $500 level, as a recent break below could sink the pair to $443.

To signal strength, buyers must drive and sustain the price above the 50-day SMA. Then the pair can cost around $600.

Cardano price prediction

Despite repeated attempts, buyers failed to push and hold Cardano (ADA) above the 20-day EMA ($0.28) over the past few days.

That increases the possibility of a drop to the support line of the downtrend channel pattern. If the price recovers from the support line and breaks above the 20-day EMA, it suggests that the ADA/USDT pair may remain in the channel for some time.

Instead, if the price of Cardano continues lower and breaks below the support line, it indicates the resumption of the downward trend. The pair could sink to $0.15. A short-term trend reversal will be signaled after buyers clear the upper barrier on the downtrend line.