Crypto: Price Predictions 2/2: Spx, Dxy, Btc, Eth, Bnb, Xrp, Sol, Doge,...
Bullish traders finally showed up to buy the dip in Bitcoin and altcoins as they fell to new 2026 lows, but selling at the intraday range highs may prove that the market correction is far from over.
Bitcoin has started a relief rally, which is expected to face selling near $84,000.
Several major altcoins are at risk of breaking below their support levels if the bulls fail to clear the overhead resistance levels.
Bitcoin (BTC) turned up from the $74,508 level on Monday, and the buyers are attempting to maintain the price above $79,000. BTC analyst PlanC said in a post on X that the fall to the $75,000 to $80,000 zone might be “the deepest pullback opportunity this Bitcoin bull run.”
The Crypto Fear & Greed Index, which measures overall crypto market sentiment, plunged into the “Extreme Fear” zone with a score of 14, the lowest in 2026. Crypto analytics platform Santiment said in a report on Friday that the extreme negativity on social media was a silver lining as “historically, crypto markets move in the opposite direction of the crowd's expectations.”
However, not everyone believes that a bottom is in. Several analysts are bearish on BTC and expect it to fall further. Traders on Polymarket also anticipate the downtrend to continue, with the odds of BTC falling below $65,000 rising to 72% on Monday.
Could BTC and the major altcoins start a strong relief rally in the near term? Let’s analyze the charts of the top 10 cryptocurrencies to find out.
The S&P 500 Index (SPX) fell to the 50-day simple moving average (6,864) on Thursday, but the bulls successfully defended the level.
The bulls will have to thrust the price above the resistance line of the ascending channel pattern to indicate the resumption of the uptrend. The index may then rally to 7,290.
Contrary to this assumption, if the price turns down from the resistance line and breaks below the 20-day exponential moving average ($6,929), it suggests that the index may remain inside the channel for a while longer. The bears will gain the upper hand on a close below the support line. The index may then decline toward the 6,550 support.
Source: CoinTelegraph
