Crypto: Price Predictions 3/9: Spx, Dxy, Btc, Eth, Bnb, Xrp, Sol, Doge,...

Buyers were undeterred by surging oil prices, pushing Bitcoin near $69,500 and large-cap altcoins close to their overhead resistance levels. Rising oil prices have not hurt crypto sentiment as buyers attempt to push Bitcoin above $69,000 Buyers are attempting to propel several major altcoins above their overhead resistance levels, indicating demand at lower levels. A sharp rally in oil prices failed to deter cryptocurrency buyers who pushed Bitcoin (BTC) above $69,000 on Monday. Although the spot BTC exchange-traded funds witnessed outflows on Thursday and Friday, the week saw net inflows of $568.45 million per SoSoValue data.  That was the second successive week of net inflows, a first in five months. While some analysts believe that BTC may have bottomed out, on-chain analyst Willy Woo said in a post on X that BTC was solidly in the middle of a bear market from a long-range liquidity perspective and was forming a bull trap.  Usually, when negative news fails to sink the price to a new low in a bearish trend, it suggests that the selling may be drying up. That doesn’t guarantee a sharp rally in the near term, as markets tend to consolidate in a range for a while before starting the next leg higher.  Could buyers push BTC and major altcoins above their resistance levels? Let’s analyze the charts of the top 10 cryptocurrencies to find out.  The S&P 500 Index (SPX) closed below the 6,775 level on Friday, indicating that the bears are attempting to take charge. The moving averages have completed a bearish crossover, and the relative strength index (RSI) has dipped into the negative territory, indicating the path of least resistance is to the downside. The next crucial support to watch out for on the downside is 6,550. If the level cracks, the correction may deepen to 6,147. Buyers will have to drive the price above the moving averages to signal strength. That improves the prospects of a rally to the 7,290 level.