Bitcoin, Altcoins traders cut position, avoid risk

Key Points:-

Bitcoin recovery is expected to be around $69,000, but if the bulls lose, a rally to $74,508 is possible.

Most of the major altcoins remain below their resistance levels, indicating that the bears will continue to exert pressure.

Bitcoin (BTC) has risen above $68,000, but bulls are struggling to maintain higher levels. Sellers are expected to push to achieve a negative monthly close in March. This marks the first six consecutive months of losses since the 2018 bear market.

Analysts remain bearish on BTC's prospects in the short term. Analyst Willy Wu said in a post on X that BTC could fall between $46,000 and $54,000 based on various chain models.

Deepest decline ever, BTC takes longer to record new all-time high. According to the econometrics model, if BTC holds the low of $60,000, a full recovery is expected within 300 days from the peak of $126,000 in October 2025. BTC is now 175 days from its all-time high, leaving about 125 days for a full recovery. If BTC falls to the $40,000 to $45,000 range, the recovery could extend into Q2 2027 as each 10% drop adds 80 days to the recovery period.

Will buyers be able to overcome resistance 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 ) declined from its 20-day moving average (6,620) on Wednesday, indicating that bears remain in command.

Sellers will try to push the price down to the 6,147 level, which may attract strong buying by bulls. A break above the 6,147 level may face selling at the 20-day EMA. If the price falls significantly below the 20-day EMA, the bears will try to dip the index below the 6,147 level. If they succeed, the next stop could be the 5,943 level.

On the other hand, a break and close above the 20-day EMA suggests that bears are losing their grip. The index can be summed up to the 50-day simple moving average (6,803).

US dollar index price forecast

The US Dollar Index (DXY) lifted the 20-day EMA (99.40) on Wednesday, indicating positive sentiment.

Buyers will try to consolidate their position by keeping the price above the resistance of 100.54. If they manage to do that, the index may start a new move towards the 102 level and later towards the 103.54 level.

Time is running out for the bears. They need to defend the 100.54 level and quickly break below the 20-day EMA to weaken the bull momentum. The price may drop towards the 50-day SMA (98.25).

Bitcoin price prediction

BTC closed below the support line of the ascending triangle pattern on Sunday, but the bears could not sustain the lower levels.

The bulls are trying to break the moving averages by pushing the BTC price back above the support line. If they succeed, a break below the support line suggests that it may be a bear trap. The BTC/USDT pair may rally towards the $74,508 to $76,000 resistance zone.

To maintain the advantage, sellers must successfully defend the moving averages and quickly pull the price below the $65,000 level. That clears the way for a move down to the $62,500 to $60,000 support zone.

Ether price prediction

Ether (ETH) closed below the 50-day SMA ($2,040) on Friday, but the bears failed to break the price below the $1,916 support.

The bulls are trying to push the price of ETH above the moving averages and get back into the game. If you can pull it off, your chances of collecting $2,400 increase. Sellers will try to stop the upward movement at $2,400, but if buyers make their way through, the next stop could be $2,600.

If the ETH/USDT pair declines and breaks below the $1,916 level, this positive outlook will be canceled in the near term. That opens the doors to a drop to $1,750 support.

BNB price prediction

BNB (BNB) has been trading below the moving average, but the bears have not been able to pull the price to the $570 support.

The Bulls are trying to start a recovery that is expected to be met with resistance by moving midfielders. If the price of BNB declines from the moving averages, the risk of a drop to $570 will increase.

Conversely, a close above the moving averages suggests that the BNB/USDT pair may remain in the $570 to $687 range for some time. Buyers will be back in the driver's seat for more than $687.

XRP price prediction

XRP (XRP) remains below the moving average, which indicates that the bears will continue to exert pressure.

Moving averages that are slowly sliding down and the RSI in negative territory indicate that the bears are dominant. Buyers will try to defend the $1.27 level, but if the support is cracked, the XRP/USDT pair may drop to $1.11.

Contrary to this assumption, if the price of XRP fluctuates significantly and breaks above the moving averages, it suggests that selling will dry up at lower levels. The pair may move towards the $1.61 level.

Solana price forecast

Solana (SOL) remains stuck in the $76 to $95 range, indicating a balance between supply and demand.

Flat moving averages and an RSI below the midpoint do not give a clear edge to either the bulls or the bears. To start a rally towards the $117 level, buyers need to push the price of SOL above the $95 resistance.

Conversely, a break and close below $76 would tilt in favor of the bears. The SOL/USDT pair could retest the February 6 low of $67.

RELATED: Bitcoin Analysis Says $65K ‘Entry Zone' With Oil Back Above $100

Dogecoin price prediction

Buyers managed to keep Dogecoin (DOGE) above the $0.09 support but are struggling to initiate a strong rally.

That means the bears sell into moving averages on every minor rally. If the price of DOGE rebounds from the moving averages, the risk of a break below the $0.09 support will increase. The DOGE/USDT pair may fall to the $0.08 level.

Instead, if the price continues higher and breaks above the moving averages, it indicates that the bulls remain buyers at the $0.09 level. The pair could rally to $0.11 and then to $0.12.

Cardano price prediction

Cardano (ADA) closed below the $0.25 support on Friday, indicating that the bears are in control.

Buyers are trying to push the ADA price back from the $0.25 level, but the bears hold their ground. That indicates that the sellers are trying to turn the $0.25 level into resistance. If they manage to do that, the ADA/USDT pair could fall back to the February 6 low of $0.22.

The bulls need to move up the price faster than the moving averages to catch the aggressive bears. That could drive the pair to a downtrend line. Sellers are expected to strongly defend the lower line as it suggests a possible short-term trend reversal.

High Liquidity Price Prediction

Buyers are trying to keep the price of Hyperliquid (HYPE) above the 20-day EMA ($37.86), but the recovery lacks strength.

If the price of HYPE breaks below the 20-day EMA and the $36.77 level, the bulls are discouraged. That pulls the HYPE/USDT pair to the 50-day SMA ($33.73), which could act as strong support.

Alternatively, if the price changes from the current level, it is expected to face resistance at $41.59 and $44. Buyers need to balance the $44 level to resume the move towards $50.