Bitcoin, Altcoins shake off war worries as they head to regional highs

Bitcoin (BTC) could not sink below $63,000 during the Middle East war. That may have attracted buyers trying to keep the price above $69,000. However, quick recovery is impossible. Macroeconomics newspaper Econometrics notes in a post on X that deep weaknesses generally emerge slowly and advises “patience rather than urgency.”

According to data shared by Andre Dragoš, head of research for Bitwise Europe, the probability of loss drops to 0.70% when investors buy and hold BTC for at least three years. Although BTC is down almost 50% from its all-time high, the three-to-five-year price of $34,780 shows that investors who bought and held at the time are sitting on huge profits.

The biggest question on traders' minds is when to buy BTC. BitMEX co-founder Arthur Hayes wrote in a blog post that since 1985, every military action by US presidents in the Middle East has led to monetary expansion by the Federal Reserve. If the current conflict escalates, the likelihood of similar action by the Federation increases.

Could buyers push BTC and major altcoins above their resistance 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) continues to trade between support at 6,775 and resistance at 7,002, indicating buying on dips and selling on rallies.

The longer it stays in the region, the harder it is to get out of it. If the price declines and breaks below the 6,775 level, it indicates that the bears have defeated the bulls. That could start a deep correction towards the 6,550 level.

Buyers should push and hold the price above the 7,002 resistance to signal the start of the next uptrend leg. The index may rise to the 7,290 level.

US dollar index price forecast

The US Dollar Index (DXY) has risen above its 50-day simple moving average (SMA) (97.91), indicating strong buying by bulls.

The index may reach the 99.50 level and then the 100.54 resistance. Sellers are expected to aggressively defend the 100.54 level, as a close above it signals the start of a new uptrend.

If the price declines and breaks below the 20-day EMA (97.67), this positive outlook will be canceled in the near term. This opens the door to a drop to the 96.21 to 95.55 support zone.

Bitcoin price prediction

BTC has formed a symmetrical triangle pattern showing the balance between supply and demand.

The bulls are trying to strengthen their position by pushing the price of Bitcoin above the protection line. If they manage to do that, the BTC/USDT pair could rise to the $74,508 breakout level. A close above the $74,508 level would be the first sign that the pair has broken below $60,000.

Alternatively, if the price declines below the $74,508 level and breaks below the 20-day EMA, it suggests that the bears will remain highly active. That could create a range of $60,000 to $74,508.

Ether price prediction

Ether (ETH) remains bound to the $1,750 to $2,111 range, indicating an intense battle between bulls and bears.

The bulls need to wait for a close above the $2,111 resistance to take control. If they manage to do that, the ETH/USDT pair could rally towards the 50-day SMA ($2,427) and then towards $3,045.

Contrary to this assumption, if the price of Ether falls below the $2,111 level, it suggests that the consolidation may continue for a few more days. The bears are back in the driver's seat at a close below $1,750. That clears the way for a break to the $1,537 level.

XRP price prediction

XRP (XRP) is struggling to rise above the 20-day EMA ($1.42), but a positive sign that the bulls will continue to press.

If buyers push the price of XRP above the 20-day EMA, the XRP/USDT pair may rise to the 50-day SMA ($1.63) and then to the lower line. A move above the lower line indicates a possible trend reversal.

Instead, if the price breaks below the 20-day EMA and breaks below the support line, this indicates that the bears are in control. There is support at $1.11, but if the level breaks out, the decline could extend to $1.

BNB price prediction

BNB (BNB) has been trading in the $570 to $670 range for some time, indicating buying at lower levels.

The 20-day EMA ($633) is flat, and the Relative Strength Index (RSI) is gradually moving higher. This indicates that sales pressure may be decreasing. The bulls will try to drive the price of BNB above the $670 level. If they can pull through, the BNB/USDT pair may rise to the 50-day SMA ($742).

Sellers may have other plans. They will try to defend the $670 level and pull the price below the $570 support. If they succeed, the pair may drop to psychological support for $500.

Solana price forecast

Buyers have pushed Solana (SOL) above the 20-day EMA ($86), indicating interest at lower levels.

Sellers will try to stop the rally at $95, but if the bulls win, the SOL/USDT pair could rise to $117. Such a move suggests that the price of Solana may go down in the short term.

Contrary to this assumption, the pair may swing from $76 to $95 for some time if the price breaks from the overhead resistance. A break below the $76 support would signal a resumption of the decline to $67.

Related: Will Bitcoin Crash If Oil Prices Reach $100 a Barrel?

Dogecoin price prediction

Dogecoin (DOGE) has been trading between the 20-day EMA ($0.10) and the $0.09 support over the past few days.

If the $0.09 level holds, the DOGE/USDT pair may retest the February 6 low of $0.08. Buyers are expected to strongly defend the $0.08 level, as a close below that could initiate the next bearish trend towards $0.06.

The bulls should push Dogecoin price above the 20-day EMA to signal strength. The pair may rally towards the $0.12 breakout level where the bears are expected to enter.

Bitcoin Cash price prediction

Buyers are trying to keep Bitcoin Cash (BCH) above the $443 support, but bears continue to push.

Downward moving averages and RSI near the oversold zone increase the likelihood of a breakout. There is minor support at $423, but it can be broken. The BCH/USDT pair may drop to $377.

Any pullback from the $443 level is expected to result in selling at the moving averages. Buyers should push Bitcoin Cash price above the 50-day SMA ($546) to dominate.

Cardano price prediction

Cardano ( ADA ) continues to trade in a descending channel pattern, indicating that the bears remain in command.

If the price of Cardano stays below the 20-day EMA ($0.28), the bears will try to drag the ADA/USDT pair below the $0.25 support. If they manage to do so, the pair may fall to the support line. A strong rebound from the support line suggests that the pair may stay in the channel longer.

The bulls need to signal a possible trend reversal and keep the price above the low line. The pair could go up to $0.43.