Key points:
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Bitcoin recovery is expected to sell near $69,000, but if the bulls prevail, a rally to $74,508 is possible.
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Most major altcoins remain below their resistance levels, indicating that the bears continue to exert pressure.
Bitcoin (BTC) has surpassed $68,000, but the bulls are struggling to maintain the higher levels. Sellers are expected to push for a negative monthly close in March. This will result in six straight months of losses for the first time since the 2018 bear market.
Analysts remain increasingly bearish on BTC’s near-term outlook. Analyst Willy Woo said in an article on X that BTC could bottom between $46,000 and $54,000 depending on various on-chain models.
The deeper the fall from the all-time high, the longer it will likely take for BTC to record a new all-time high. According to a model from Ecoinometrics, if BTC maintains the $60,000 low, a full recovery should occur in about 300 days from the October 2025 high of $126,000. About 175 days have passed since BTC’s all-time high, leaving about 125 days for the full recovery to occur. If BTC falls into the $40,000-$45,000 range, the recovery could extend further into Q2 2027 as each 10% drawdown adds 80 days to the recovery time.
Will buyers be able to overcome resistance levels in BTC and major altcoins? Let’s analyze the charts of the top 10 cryptocurrencies to find out.
S&P 500 Index Price Prediction
The S&P 500 Index (SPX) fell from the 20-day exponential moving average (6,620) on Wednesday, indicating that the bears remain in charge.
Sellers will attempt to push the price down to the 6,147 level, which is likely to attract strong buying from the bulls. A bounce from the 6,147 level could result in a sell-off at the 20-day EMA. If the price declines sharply from the 20-day EMA, the bears will again attempt to push the index below the 6,147 level. If they succeed, the next stop could be the 5,943 level.
On the other hand, a breakout and close above the 20-day EMA suggests that the bears are losing their grip. The index could then rebound to the 50-day simple moving average (6,803).
US Dollar Index Price Prediction
The US Dollar Index (DXY) bounced off the 20-day EMA (99.40) on Wednesday, signaling positive sentiment.
Buyers will attempt to strengthen their position by holding the price above the overhead resistance at 100.54. If they succeed, the index could begin a further rise to the 102 level and later to the 103.54 level.
Time is running out for the bears. They will need to defend the 100.54 level and quickly bring the price back below the 20-day EMA to weaken the bullish momentum. The price could then drop to the 50-day SMA (98.25).
Bitcoin Price Prediction
BTC closed below the ascending triangle support line on Sunday, but the bears were unable to hold the lower levels.
The bulls have pushed BTC price back above the support line and are trying to break above the moving averages. If they succeed, it suggests that the break below the support line may have been a bear trap. The BTC/USDT pair could bounce up to the $74,508-$76,000 resistance zone.
To maintain the advantage, sellers will need to successfully defend the moving averages and quickly bring the price back below the $65,000 level. This opens the way for a decline towards the $62,500-$60,000 support zone.
Ether Price Prediction
Ether (ETH) closed below the 50-day SMA ($2,040) on Friday, but the bears were unable to push the price below the $1,916 support.
The bulls are trying to push the ETH price above the moving averages and get back in the game. If they succeed, the possibility of a rally to $2,400 increases. Sellers will attempt to stop the rise at $2,400, but if buyers bulldoze their way in, the next stop could be $2,600.
This positive view will be negated in the short term if the ETH/USDT pair declines and breaks below the $1,916 level. This opens the door for a decline to the $1,750 support.
BNB Price Prediction
BNB (BNB) is trading below the moving averages, but the bears were unable to push the price up to the $570 support.
The bulls are attempting to initiate a recovery, which is likely to be met with resistance at the moving averages. If BNB price declines from the moving averages, the risk of a drop to $570 increases.
Conversely, a close above the moving averages suggests that the BNB/USDT pair could remain in the $570-$687 range for some time to come. Buyers will be back in control if the close is above the $687 resistance.
XRP Price Prediction
XRP (XRP) remains below the moving averages, indicating that the bears continue to apply pressure.
The gradually descending moving averages and the RSI in negative territory indicate that the bears have the upper hand. Buyers will attempt to defend the $1.27 level, but if the support cracks, the XRP/USDT pair could drop to $1.11.
Contrary to this assumption, if the price of XRP rises sharply and exceeds the moving averages, it suggests that sales are drying up at lower levels. The pair could then advance towards the $1.61 level.
Solana Price Prediction
Solana (SOL) remains stuck in the $76-$95 range, indicating a balance between supply and demand.
The rather flat moving averages and the RSI just below the midpoint give neither bulls nor bears a clear advantage. Buyers will need to push SOL price above the $95 resistance to begin a rally up to the $117 level.
On the contrary, a breakout and close below the $76 level tilts the advantage in favor of the bears. The SOL/USDT pair could then retest the February 6 low at $67.
Related: Bitcoin Analysis Indicates $65,000 “Entry Zone” With Oil Back Above $100
Dogecoin Price Prediction
Buyers have managed to hold Dogecoin (DOGE) above the $0.09 support, but are struggling to initiate a strong rebound.
This suggests that bears are selling on every minor bounce towards the moving averages. If DOGE price declines again from the moving averages, it increases the risk of a breakout below the $0.09 support. The DOGE/USDT pair could then plunge to the $0.08 level.
Instead, if the price continues to rise and breaks above the moving averages, it indicates that the bulls remain long near the $0.09 level. The pair could then rise to $0.11, then to $0.12.
Cardano Price Prediction
Cardano (ADA) closed below the $0.25 support on Friday, indicating that the bears are in control.
Buyers are attempting to push ADA price back above the $0.25 level, but bears held firm. This suggests that sellers are attempting to turn the $0.25 level into resistance. If they succeed, the ADA/USDT pair could fall to the February 6 low of $0.22.
The bulls will need to quickly push the price above the moving averages to trap the aggressive bears. This could lead the pair towards the downtrend line. Sellers should vigorously defend the downtrend line, as a close above it signals a potential near-term trend change.
Hyperliquid price prediction
Buyers are trying to keep the price of hyperliquid (HYPE) above the 20-day EMA ($37.86), but the recovery lacks strength.
If HYPE price drops below the 20-day EMA and the $36.77 level, it suggests that the bulls have given up. This could pull the HYPE/USDT pair towards the 50-day SMA ($33.73), which is likely to provide strong support.
Alternatively, if the price rises from the current level, it is likely to face resistance at $41.59 and then at $44. Buyers will need to increase the $44 level to signal the resumption of the rise towards $50.
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