Crypto: Price Predictions 1/19: Spx, Dxy, Btc, Eth, Xrp, Bnb, Sol, Doge,...

Bitcoin and altcoins lost a portion of their recent gains after the US trade war with various European countries resumed, prompting some traders to reduce risk and watch from the sidelines.

Bitcoin could remain under pressure as the US-EU trade war could create a risk-off environment in the short term.

Most major altcoins have turned down from their overhead resistance levels, signaling that the bears remain in command.

Bitcoin’s (BTC) pullback is attempting to find support near $92,000, but the bears have kept up the pressure. Several crypto analysts told Cointelegraph that a US-EU trade war could create a risk-off mood in the markets.

The uncertainty has boosted gold and silver to a new all-time high, while BTC languishes. However, network economist Timothy Peterson believes that BTC will eventually catch up with gold’s rally. He said in a post on X that both gold and BTC are headed to the same place but are just taking different paths.

While the long term looks bullish, the short-term is sketchy. Trader CrypNuevo said in a X analysis thread that BTC could witness downside pressure due to the uncertainty. The 2026 yearly open of about $87,000 and the range lows of $80,500 are the critical levels to watch out for.

Could BTC and the major altcoins bounce off their support levels? Let’s analyze the charts of the top 10 cryptocurrencies to find out.

The S&P 500 Index (SPX) is facing selling near the 7,000 level, but a positive sign is that the bulls have not ceded much ground to the bears.

The first sign of weakness will be a break below the 20-day exponential moving average (6,909). That suggests the bulls are booking profits. Buyers are expected to defend the 50-day simple moving average (6,829), as a break below it could deepen the correction to 6,720.

Contrarily, if the price rebounds off the moving averages, the bulls will attempt to resume the uptrend. If buyers thrust the price above the 7,000 resistance, the index could soar to the 7,290 level.

Source: CoinTelegraph