Key points:

• Bitcoin is trying to recover from $80,600, which several analysts say is a low.

• Several altcoins are struggling to start a rebound, indicating a lack of buyer demand.

Bitcoin (BTC) fell about 8% last week, but lower levels attracted buyers. Bulls are trying to push the price above $88,000 at the beginning of the novel week. According to data from Farside Investors, the $238.4 million inflow into BTC spot funds on Friday indicates that bulls are becoming vigorous again.

Analysts at wealth management firm Swissblock said in a post on X that there was a sharply falling risk-off signal indicates a reduction in selling pressuresuggesting that the “worst of surrender” may be behind him for now. They added that easing selling pressure and a weaker second wave of sales will confirm a more certain bottom.

BitMEX co-founder Arthur Hayes said in a post on X that BTC could fall below $90,000 and possibly fall to the low $80,000 levels. The former CEO of BitMEX expects the $80,000 level to remain.

Can BTC and major altcoins start a sustained recovery, or will higher levels attract sellers? To find out, let’s analyze the charts of the 10 most popular cryptocurrencies.

S&P 500 Index Price Forecast

The S&P 500 Index (SPX) has rebounded from Friday’s support at 6,550, and bulls are trying to extend the rebound on Monday.

The augment in relief is expected to face selling in the zone between the moving averages and the resistance line. If the price drops from the upper zone, the bears will again try to bring the index below 6550. If they succeed, the index may fall to the 6350 level.

On the other hand, a breakout and close above the resistance line means that the corrective phase may end. The index could then retest the all-time high of 6,920.

US Dollar Index Price Forecast

The US Dollar Index (DXY) encountered resistance near the 100.50 level, but the positive sign is that the bulls did not give much ground to the bears.

Gradually rising moving averages and the Relative Strength Index (RSI) in positive territory indicate that the path of least resistance is up. If the price breaks above the 100.50 level, the index could rise to the 102 level. A close above the 102 resistance will complete the rounding bottom, signaling a potential trend change.

Sellers will need to push the price below the 20-day exponential moving average (99.62) to dampen the bullish momentum. The index could then fall to the 50-day straightforward moving average (98.81).

Bitcoin price prediction

BTC is trying to rebound after falling to $80,600 on Friday, but higher levels will likely attract sellers.

The 20-day EMA ($94,620) is likely to be the main headwind to the upside. If Bitcoin’s price falls sharply from the 20-day EMA, it suggests that sentiment remains negative and bears are selling on the upside. This increases the downside risk to the $73,777 level where bulls are expected to move in.

Buyers will need to push and keep the price above the 20-day EMA to gain strength. The BTC/USDT pair may then climb to the psychological level of $100,000.

Ether price prediction

Ether (ETH) is trying to start a rebound that could face significant resistance in the zone between the 20-day EMA ($3,148) and $3,350.

If the price drops from the overhead zone, the bears will try to resume the downtrend. A break and close below $2,623 signals the beginning of the next stage of declines to $2,400 and then to $2,111.

Instead, if buyers push the price of Ether above $3,350, the ETH/USDT pair could hit the 50-day SMA ($3,659). A close above the 50-day SMA suggests that the bulls are back in the game.

XRP price forecast

XRP (XRP) bounced off support lines on Saturday, indicating that bulls are trying to keep the price within a descending channel formation.

The bears are unlikely to give up easily and will try to stop the relief rally at the moving averages. If the price drops sharply from the moving averages, sellers will again try to pull the XRP/USDT pair to $1.61.

On the contrary, a break above the moving averages can push the price towards the downtrend line. Buyers will need to break and sustain the XRP price above the downtrend line to suggest a potential trend change.

BNB Price Forecast

BNB (BNB) is trying to rebound after hitting $790 on Friday, but sellers are expected to move higher.

If the price drops sharply from $860, it suggests that the bears have turned the level into resistance. This increases the possibility of a break below $790. The BNB/USDT pair could then drop to $730.

The 20-day EMA ($920) remains a key upper resistance to pay attention to. A break and close above the 20-day EMA suggests that the market has rejected a break below $860. The price of BNB may then augment to $1,019.

Solana price forecast

Solana (SOL) is trying to take support at $126, but the shallow bounce suggests a lack of aggressive buying by bulls.

If the price drops from the current level or the 20-day EMA ($145), it suggests that the bears are vigorous at higher levels. The SOL/USDT pair then risks falling below the support at $126. If this happens, Solana’s price could drop to $110 and then to $95.

On the other hand, a breakout and close above the 20-day EMA indicates that the bulls are trying to make a comeback. The pair could then attempt to rise to the 50-day SMA ($174).

Related: Zcash down 30% from November peak: will the ZEC price fall further?

Dogecoin price forecast

Dogecoin (DOGE) bounced off support at $0.15 on Saturday, indicating that bulls are defending this level.

A positive divergence on the RSI suggests that selling pressure is easing. Buyers will need to push Dogecoin price above the 20-day EMA (0.16) to signal strength. The DOGE/USDT pair may then climb to the 50-day SMA ($0.18).

Alternatively, if the price drops sharply from the 20-day EMA, the bears will again try to bring the pair below $0.14. If they are successful, the pair could fall to its October 10 low of $0.10.

Cardano Price Forecast

Cardano (ADA) is trying to capture support at $0.38, but a tender bounce suggests bears are in no mood to let up.

If the price drops from its current level and falls below $0.38, the ADA/USDT pair may resume its downtrend. Cardano price may fall to its October 10 low of $0.27.

Resistance at $0.50 is a key level to watch on the upside. If the price drops from $0.50, it suggests that the bears remain in control. This threatens to break the $0.38 level.

Conversely, a close above $0.50 means the bears are losing control. The pair could then rise towards the 50-day SMA ($0.60).

Bitcoin Cash Price Forecast

Bitcoin Cash (BCH) rose sharply on Friday from support at $443 and rose above the falling wedge resistance line.

The bears are trying to pull the price back into the wedge, but the bulls have held their position. If the price rises and exceeds $568, it signals the beginning of a novel upward move to $615 and then $651.

This positive view will be invalidated in the near future if the price of Bitcoin Cash falls and crosses the moving averages. This move suggests that a break above the resistance line may have been a bull trap. The BCH/USDT pair could then retest the support at $443.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.