Bitcoin, Ethereum, Crypto News and Price Indices

Key Points:-

Bitcoin's support rally is facing $72,000, but a positive sign is that the bulls haven't given much ground to the bears.

Many major altcoins are facing a sell-off at higher levels, indicating that the sentiment is negative.

Bitcoin (BTC) is nearing $69,500, indicating that the bears are selling on rallies. Many analysts believe that BTC's bottom has yet to be reached. Trader BitBull said in a post on X that BTC “the real bottom will be below $50,000, where most ETF buyers will be underwater.”

A different point of view is presented by crypto sentiment platform Santiment. A fall to $60,000 could be the real low, according to Sentiment Group data in a report on Saturday. However, for a sustained recovery, the market must remain above a key support level, and whales must continue their temporary stocks.

Another positive for the bulls is BTC's Sharpe ratio dropping to -10, which marks the end of bear markets in history, according to CryptoQuant analyst Darkfost. Although the readings do not prove that the bear market is over, it does indicate that the reward-risk profile may have reached a peak.

Can BTC and the major altcoins start a strong rally or will the downtrend resume? 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 ) broke below a channel pattern on Thursday, but the bulls failed to sustain the lows.

The index came roaring back on Friday and rose above its moving averages. This suggests that a break below the channel may be a bear trap. The bulls try to push the price to the defensive line, the bears come in.

The 20-day exponential moving average (6,917) is flat, and the Relative Strength Index (RSI) is above the midpoint, indicating a balance between supply and demand. A close above the resistance line could initiate the next leg of the rally to 7,290.

US dollar index price forecast

The US dollar index (DXY) rose above the 20-day EMA (97.67) on Thursday, but the bulls could not maintain the high levels.

On Monday, the price fell sharply below the 20-day EMA, indicating that the bears are trying to take control. There is strong support in the support zone from 96.21 to 95.51, but if the bears win, the index can fall to 91.88.

Instead, if the price changes significantly from the current level or support zone and rises above the moving average, this indicates that the index may extend its stay in the range of 96.21 to 100.54 for some time.

Bitcoin price prediction

The BTC recovery stopped below the $74,508 breakout level, which indicates that the bears are trying to turn the level into resistance.

The 20-day EMA ($78,142) and the RSI in the negative territory indicate the advantage for sellers. If the price drops below $74,508 or the 20-day EMA, the bears will try to pull the BTC/USDT pair back to $60,000.

If Bitcoin price breaks above the 20-day EMA, this negative view is worthless in the near term. This suggests strong buying at lower levels. The pair may rally towards the 50-day SMA ($86,636).

Ether price prediction

Ether (ETH) is facing a rally to sell at the $2,111 level, but a positive sign is that the bulls have not given much ground to the bears.

If the price closes above the $2,111 level, the ETH/USDT pair may climb to the 20-day EMA ($2,447). This is an important resistance to watch, because a break above it suggests that the bearish momentum has weakened. The price of Ether may rise towards the 50-day SMA ($2,877).

Sellers need to aggressively defend the $2,111 level to maintain their gains. If they do that, it risks breaking the $1,750 level. The pair could drop to $1,537.

BNB price prediction

BNB's (BNB) support rally is trading near the 50% Fibonacci retracement level of $676, indicating negative sentiment.

If the price falls below $602, the bears will try to touch the BNB/USDT pair below the $570 support. If you manage to do that, the pair can drop to $500.

Conversely, if bulls push the BNB price above $676, the pair could climb to the $730 breakout level. Sellers are expected to defend the $730 to $790 zone because a break above suggests that the bulls are back in the game. The pair may rise towards the 50-day SMA ($849).

XRP price prediction

Buyers have kept XRP (XRP) above the support line of the descending channel pattern but are struggling to push the price towards the 20-day EMA ($1.63).

If the price declines and breaks below the support line, it indicates that the bears are in charge. The XRP/USDT pair may retest the $1.11 level. Buyers are expected to defend the $1.11 level with all their might, as a break below could sink the pair to $1 and then to $0.75.

In order to gain dominance in the short-term, buyers should push the price of XRP above the 20-day EMA. Then the couple can go to the down line. A close above the low line indicates the start of a new uptrend.

Solana price forecast

Solana's (SOL) support line is facing a sell-off below the $95 low, which indicates that the bears are trying to turn the level into resistance.

If the price of Solana continues lower and breaks below $77, it suggests that the bears should stay in place. The SOL/USDT pair could retest the $67 level, which could act as a strong support.

Sellers are expected to defend the zone between the 20-day EMA ($104) and the $95 level, as a close above it indicates the bulls are back in the driver's seat. The pair may march towards the 50-day SMA ($123).

RELATED: Bitcoin Whales Benefit From 60K Price Dip, Picking Up 40K BTC

Dogecoin price prediction

Sellers are trying to stop Dogecoin's (DOGE) rally at the $0.10 psychological level.

If the price of Dogecoin decreases from the current level, there is a chance of a break below $0.08. The DOGE/USDT pair may continue its downward trend and nose to $0.06.

Time is running out for the bulls. They should push the price above the 20-day EMA ($0.11) to signal that the bear momentum is weakening. The pair may go towards the $0.13 level.

Cardano price prediction

A support line from Cardano's (ADA) shallow descending channel pattern indicates that the bears are selling in rallies.

If the price of Cardano declines from the current level, the bears will try again to drag the ADA/USDT pair below the support line. If they can pull through, the pair could fall to the next support at $0.20.

Conversely, a break above the 20-day EMA ($0.30) suggests that the pair may remain in the channel for some time. The buyers get their upper hand by the close above the low line. The pair may rise to the $0.50 breakout level.

Bitcoin Cash price prediction

Bitcoin Cash's (BCH) rally is facing resistance at the 20-day EMA ($543), indicating bearish sentiment.

If the price continues lower and breaks below $497, it suggests that the bears will remain in control. The BCH/USDT pair may drop to critical support at $443 where buyers are expected to move in.

On the upside, bulls need to push and sustain the price above the 20-day EMA to challenge the bearish outlook. If they do, the price of Bitcoin Cash may rise to the 50-day SMA ($585).