Price Predictions 1/5: Spx, Dxy, Btc, Eth, Xrp, Bnb, Sol, Doge,... (2026)
Bitcoin and several major altcoins have continued their march higher, indicating improving investor sentiment and sustained demand from the bulls.
Bitcoin has reacted positively to the US operations in Venezuela, improved investor sentiment.
Several altcoins have risen above their near-term resistance levels, indicating the start of a relief rally.
Bitcoin (BTC) marched higher during the weekend and extended its recovery on Monday, following the US operation in Venezuela. The CoinMarketCap “Crypto Fear and Greed Index” turned neutral on Sunday, indicating improving investor sentiment. Since mid-October, the index has mostly traded in the “fear” or “extreme fear” category.
Another positive factor for the bulls is that BTC has seen only one negative monthly closing in January since 2020. Even in the long term, since 2013, BTC has recorded an average gain of 3.92% in January, according to CoinGlass data. If history repeats itself, BTC may remain positive in the first month of the year.
Institutional investors also turned bullish in 2026, with BTC exchange-traded funds recording inflows of $471.3 million on Friday. That is the largest inflow since the $524 million in inflows on Nov. 11, per Farside Investors data.
Could BTC and the major altcoins sustain above their overhead resistance levels? Let’s analyze the charts of the top 10 cryptocurrencies to find out.
The S&P 500 Index (SPX) turned down from 6,945 on Dec. 26 but is finding support at the moving averages.
That suggests the bulls view the dips as a buying opportunity. The bulls will attempt to strengthen their position by pushing the price above the 6,945 level. If they manage to do that, the index could climb to the psychological 7,000 level and then to the target objective at 7,290.
The moving averages are the crucial support to watch out for on the downside. A close below the 50-day simple moving average (SMA) (6,809) could pull the index to 6,720. That suggests the index could consolidate between 6,550 and 6,945 for a while longer.
Source: CoinTelegraph
