Bitcoin (BTC) weakness extended into the weekly open as major stocks sold off in response to U.S. President Donald Trump’s threat to impose a 15% global tariff after the Supreme Court ruled his IEEPA tariffs are illegal.

Market sentiment remains delicate as the Crypto Fear & Greed Index remains in the “extreme fear” zone at 5 out of 100. A pseudonymous BitcoinHyper trader and investor said in a post on X that the index has been in an extreme fear zone for almost three weeks, the longest since 2022.

Traders on the Polymarket prediction market increased the odds of BTC falling below $55,000 to 72%. Market forecast expectations are in line with the expectations of several analysts and financial institutions, who expect a drop around $55,000 or below.

While a bottom may not have formed, BTC is expected to eventually rebound and rise. Economist Timothy Peterson said in a post on X that BTC has been positive 50% of the time over the last 24 months. Using a statistical model, Peterson estimated that there is an 88% chance that BTC “will be more expensive in 10 months.”

Could Buyers Defend Support Levels in BTC and Major Altcoins? 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 been hovering between 6,775 and 7,002 for several days, which indicates a balance between supply and demand.

Flat moving averages and the relative strength index (RSI) near the middle do not give a clear advantage to either bulls or bears. Buyers will need to achieve a close above the resistance at 7002 to signal a resumption of the uptrend. The index may then rise to the level of 7290.

This bullish view will be invalidated in the near future if the price declines and falls below the 6775 level. The index could then fall to the solid support level of 6550.

US Dollar Index Price Forecast

The US Dollar Index (DXY) fell from its 50-day uncomplicated moving average (97.95) on Friday, indicating that bears are aggressively defending this level.

Sellers are trying to lower and hold the index below the 20-day exponential moving average (97.48). If they succeed, the index may move towards the support zone 96.21-95.55.

Buyers probably have other plans. They will try to stop the pullback and push the price above the 50-day SMA. If they succeed, the index could jump towards the 99.50 level and then towards the 100.54 resistance.

Bitcoin price prediction

On Monday, BTC fell below the support at $65,118, but bulls are trying to defend this level at the close.

Any support rally is expected to meet a selloff at the 20-day EMA ($70,185). If Bitcoin price drops sharply from the 20-day EMA, it increases the likelihood of a drop to the necessary support of $60,000. Buyers will have to defend the $60,000 level with all their might as a break below this level could result in the BTC/USDT pair falling to $52,500.

Buyers will need to push the price above the 20-day EMA to signal demand at lower levels. The pair could then march to the $74,508 level, where the bears will again likely pose a grave challenge.

Ether price prediction

Ether (ETH) fell below nearby support at $1,897 on Monday, opening the door to a retest of the $1,750 level.

Falling moving averages and RSI near the oversold area boost the risk of a breakdown. If the $1,750 level is cleared, the ETH/USDT pair could resume its downtrend towards the next support at $1,537.

Conversely, if the price of ether increases sharply from $1,750, it suggests that demand is at a lower level. This could keep the pair in the $1,750 to $2,111 range for an extended period of time. A close above $2,111 will be the first sign of strength, paving the way for a rise to the 50-day SMA ($2,593).

XRP price forecast

XRP (XRP) has been trading between the support line of a descending channel formation and the 20-day EMA ($1.47) for several days now.

The falling 20-day EMA and the RSI in negative territory indicate that the bears remain in control. If the support line breaks, the XRP/USDT pair could retest the February 6 low at $1.11. A break and close below the $1.11 level could extend the decline in psychological support at the $1 level.

Buyers have a arduous task ahead of them. They will need to push the XRP price above the downtrend line quickly to signal a potential trend change.

BNB Price Forecast

BNB (BNB) fell below immediate support at $587 on Monday, but the long tail of the candlestick shows buying at lower levels.

Bulls will try to start a rebound, which will likely be met with a sell-off at the 20-day EMA ($651). If the price drops from the 20-day EMA, the bears will once again look to pull the BNB/USDT pair below the $570 level. If they are successful, the BNB price could begin the next leg of its downtrend to psychological support at $500.

Contrary to this assumption, if buyers break the 20-day EMA, the pair could rise to the $730 breakdown level.

Solana price forecast

The failure of the bulls to push Solana (SOL) to the $95 breakdown level signals that the bears are busy at higher levels.

Sellers will try to strengthen their position by driving Solana’s price below $76. If they are successful, the SOL/USDT pair could fall to the February 6 low of $67, which is a key support to watch out for. If the level subsides, the pair could fall to $60.

Any boost in support is expected to meet resistance at the 20-day EMA and then at $95. A close above the $95 level suggests that sellers are losing control. The pair could then rise to $117.

Related: Bitcoin traders differ on BTC price strength with 60k in sight. dollars

Dogecoin price forecast

Dogecoin (DOGE) rejected the 20-day EMA ($0.10) on Saturday and will likely fall to the February 6 low of $0.08.

Bulls are expected to defend the $0.08 level fiercely as failure to do so could start the next stage of a downward spiral towards $0.06.

The 20-day EMA remains immediate short-term resistance to pay attention to. A close above the 20-day EMA will be the first sign of easing selling pressure. The DOGE/USDT pair may then climb to the $0.12 breakdown level where the bears are expected to provide a forceful defense.

Bitcoin Cash Price Forecast

On Sunday, buyers pushed Bitcoin Cash (BCH) above the 50-day SMA ($571), but were unable to sustain higher levels.

Bears sold aggressively and dragged the Bitcoin Cash price below the 20-day EMA ($551). If the price continues below $538, the BCH/USDT pair could drop to forceful support at $500. Buyers are expected to aggressively defend the $500 level as a close below that level could drop the pair to $443.

Buyers will need to hold the price above the 50-day SMA to signal strength. The pair can then boost to $600.

Cardano Price Forecast

Despite repeated attempts, buyers have failed to push and hold Cardano (ADA) above the 20-day EMA ($0.28) over the past few days.

This increases the likelihood of a decline to the support line of the descending channel pattern. If the price rebounds from the support line and breaks above the 20-day EMA, it suggests that the ADA/USDT pair may remain in the channel for some time.

Instead, if Cardano’s price continues to decline and breaks below the support line, it indicates a resumption of the downtrend. The pair may then fall towards $0.15. A short-term trend change will be signaled when buyers clear an overhead hurdle on a downtrend line.