Key points:

• Bitcoin price saw profit booking near $105,819, signaling that bears remain active at higher levels.

• Select altcoins have continued to move higher, indicating increased investor interest.  

• The SPX and the DXY are playing catch-up to Bitcoin following the US-China trade deal.

Bitcoin (BTC) has started the new week on a cautious note, falling below $103,000, but the S&P 500 Index (SPX) and the US Dollar Index (DXY) have risen sharply following the announcement of the US-China trade agreement. One of the reasons could be that other assets are trying to play catch up with Bitcoin, and the sharp rally in the US dollar may be acting as headwinds for Bitcoin in the near term.

Bitwise European Head of Research André Dragosch said in a post on X that the firm’s proprietary indicator has reached its highest level since 2024. Historically, high levels of the indicator have resulted in a short-term correction or sideways price action.

The short-term uncertainty has not stopped the long-term bulls from adding more Bitcoin to their portfolio. Michael Saylor’s Strategy acquired 13,390 Bitcoin at an average price of $99,856 between May 5 and May 11. The latest purchase has boosted the firm’s haul to 568,840 Bitcoin.

What are the crucial support levels to watch out for in Bitcoin and 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 gapped up sharply on May 12 and rose above the stiff overhead resistance at 5,800.

Time is running out for the bears. If they want to prevent the upside, they will have to fiercely defend the 5,800 level and quickly drag the price below the 20-day exponential moving average (5,570). If they manage to do that, the index could start a deeper correction toward 5,400.

Instead, if the price closes above 5,800, the up move may continue toward the 6,000 level. There could be a minor halt at 6,000, but if the bulls prevail, the index could retest the all-time high at 6,147.

US Dollar Index price prediction

The US Dollar Index pierced the 20-day EMA (100.42) on May 8, indicating that the bears are losing their grip.

Sellers tried to pull the price back below the 20-day EMA on May 9, but the bulls held their ground. The index has reached the 50-day simple moving average (102.08), which is expected to behave as a resistance. 

If the price turns down from the 50-day SMA but finds support at the 20-day EMA, it suggests a positive sentiment. That increases the likelihood of a rally to 103.54 and thereafter to 104.68.

Bitcoin price prediction

Bitcoin has turned down from $105,819, indicating that the bears are defending the $107,000 to $109,588 zone.

The first support on the downside is the $100,000 level, and below that, the 20-day EMA ($97,238). If the price rebounds off the support zone, the bulls will again try to kick the BTC/USDT pair above $109,588. If they can pull it off, the pair could ascend to $130,000.

Conversely, if the price turns down and breaks below the 20-day EMA, it signals that buyers are booking profits at higher levels. That opens the doors for a fall to $93,000 and then to the 50-day SMA ($89,302).

Ether price prediction

Ether (ETH) bulls are trying to sustain the price above $2,550, but the bears have kept up the selling pressure.

If the price skids below $2,435, the ETH/USDT pair may fall to $2,320. If the price rebounds off $2,320, the bulls will try to resume the up move. There is resistance at $2,850, but if it is crossed, the pair could reach $3,000.

Contrary to this assumption, if the price turns down and breaks below $2,320, it suggests that the bulls are booking profits. The pair may drop to the breakout level of $2,111, which is likely to act as support.

XRP price prediction

XRP (XRP) broke above the resistance line on May 10, and the bulls successfully held the retest of the breakout level on May 11.

The bulls have strengthened their position by pushing the price above the $2.50 resistance. There is minor resistance at $2.65, but if the level is scaled, the rally could reach $3. Such a move signals a potential trend change.

Alternatively, if the price turns down sharply from $2.65 and breaks below the 20-day EMA ($2.27), it signals a possible range formation in the near term. The XRP/USDT pair could swing between $2 and $2.65 for some time.

BNB price prediction

BNB (BNB) turned down from $679 on May 10 but rebounded off the breakout level of $644 on May 12.

Buyers tried to resume the up move, but the long wick on the candlestick shows selling near the $700 level. If the price stays above $644, the bulls will make another attempt to propel the BNB/USDT pair to $745.

Sellers will have to pull the price below $644 to weaken the bulls. The pair could then fall to the 20-day EMA ($621). Buyers are expected to defend the 20-day EMA because a break below it could tilt the advantage in favor of the bears.

Solana price prediction

Solana’s (SOL) up move has stalled near the $180 resistance, but a positive sign is that the bulls have not given up much ground to the bears. 

A shallow pullback increases the possibility of the continuation of the rally. If buyers drive the price above $180, the SOL/USDT pair could rally to $210.

The immediate support on the downside is at $168. If the price slides below $168, the pair could descend to the 20-day EMA ($155). A solid rebound off the 20-day EMA suggests the bulls remain in control. That increases the likelihood of a break above $180. Sellers will gain the upper hand on a break below $153.

Related: Bitcoin set for $150K BTC price rally as US, China agree to slash tariffs

Dogecoin price prediction

Dogecoin (DOGE) turned down from $0.26 on May 11, indicating profit booking by short-term buyers.

The bulls are expected to aggressively defend the breakout level of $0.21. If the price rebounds off $0.21 with strength, it signals that the bulls have flipped the level into support. The DOGE/USDT pair could then climb to $0.31.

On the contrary, a break and close below the $0.21 level suggests that bears remain active at higher levels. The pair could then drop to the moving averages, pointing to a possible range formation between $0.14 and $0.26 in the near term.

Cardano price prediction

Cardano (ADA) is facing resistance near $0.86, but a positive sign is that the bulls have not ceded much ground to the bears.

The 20-day EMA ($0.72) has started to turn up, and the RSI is near the overbought area, indicating an advantage to buyers. If the price rebounds off the neckline, the bulls will try to propel the ADA/USDT pair above $0.856. If they can pull it off, the pair could travel to the target objective of $1.01.

If sellers want to prevent the upside, they will have to swiftly yank the price below the moving averages. If they do that, the pair could descend to the solid support at $0.58.

Sui price prediction

Sui (SUI) is facing selling at $4.25, but a positive sign is that the bulls have maintained the price above the breakout level of $3.90.

Both moving averages are sloping up, and the RSI is near the overbought zone, indicating that the path of least resistance is to the upside. If buyers clear the $4.25 level, the SUI/USDT pair could soar to $5.

The first sign of weakness will be a break and close below the $3.90 level. That opens the doors for a fall to the 20-day EMA ($3.48). A bounce off the 20-day EMA signals that the positive momentum remains intact. The bulls will then again try to clear the overhead hurdle at $4.25. 

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.

Bitcoin (BTC) bulls are trying to start the week on a positive note by pushing the price above $85,000. Michael Saylor’s Strategy has used the recent dip to buy 3,459 Bitcoin for $285.5 million at an average price of $82,618. That boosts the total holding of the firm to 531,644 Bitcoin purchased at an average price of $67,556.

However, not everyone is bullish in the near term. Several institutional investors seem to have trimmed their holdings. CoinShares reported on April 14 that digital asset exchange-traded products (ETPs) witnessed $795 million in outflows last week. The $7.2 billion in outflows since February have reversed nearly all year-to-date inflows, now at just $165 million.

Although Bitcoin seems to have bottomed out in the short term, a roaring bull market rally is unlikely to start in a hurry. The tariff headlines and the outcome of the tariff talks between the United States and other countries could dictate the price action.

Could Bitcoin build upon the recovery, pulling altcoins higher? Let’s analyze the charts to find out.

S&P 500 Index price analysis

The S&P 500 Index (SPX) witnessed a hugely volatile week, but a positive sign is that lower levels attracted solid buying by the bulls.

After the massive volatility of the past few days, the index could enter a quieter phase. Sellers are likely to sell the rallies near 5,500, while the bulls are expected to buy the dips to the 5,119 support. That signals a possible range-bound action between 5,500 and 5,119 for some time.

The next trending move is expected to begin after buyers push the price above 5,500 or sink below 4,950. If the 5,500 level gets taken out, the index could surge to 5,800.

US Dollar Index price analysis

The US Dollar Index (DXY) has been in a freefall since turning down from the 20-day exponential moving average (102.81) on April 10.

Buyers defended the 99.57 level on a closing basis on April 11, but the bears renewed their selling on April 14. If the price closes below 99.57, the index could tumble to 97.50 and, after that, to 95. The longer the price remains below 99.57, the greater the risk of starting a new downtrend.

If buyers want to prevent a downward move, they will have to swiftly push the price back above 99.57. That could start a recovery to 101.

Bitcoin price analysis

Bitcoin broke above the resistance line on April 12, and the bulls successfully held the retest of the breakout level on April 13.

The 20-day EMA ($82,979) has flattened out, and the RSI is near the midpoint, suggesting that the selling pressure is reducing. The BTC/USDT pair could climb to $89,000, which is likely to act as a stiff resistance. If the price turns down sharply from $89,000 and breaks below the 20-day EMA, it will indicate a range formation. The pair may oscillate between $89,000 and $73,777 for a few days.

If sellers want to trap the aggressive bulls and retain control, they will have to quickly pull the price back below the 20-day EMA. If they do that, the pair may descend to $78,500 and subsequently to the vital support at $73,777.

Ether price analysis

Ether (ETH) is facing selling at the 20-day EMA ($1,722), as seen from the long wick on the April 14 candlestick.

If the price plummets below $1,546, the ETH/USDT pair could retest the $1,368 support. This is a crucial level for the bulls to defend because a break below $1,368 could start the next leg of the downtrend toward $1,150.

Conversely, if buyers propel the price above the 20-day EMA, it signals that the bears are losing their grip. There is resistance at the 50-day SMA ($1,955), but it is likely to be crossed. The pair may then ascend to the solid resistance at $2,111.

XRP price analysis

XRP (XRP) turned down from the 50-day SMA ($2.24) on April 13, indicating that sellers are active at higher levels.

The 20-day EMA ($2.10) has flattened out, and the RSI is near the midpoint, indicating a balance between supply and demand. A break below $2 will tilt the advantage in favor of the bears. The XRP/USDT pair could drop to $1.72 and later to $1.61.

Buyers will gain the upper hand if they push and maintain the price above the 50-day SMA. If they can pull it off, the pair could rally to the resistance line. Sellers are expected to aggressively defend the resistance line because a break above it signals a potential trend change.

BNB price analysis

BNB (BNB) is facing resistance at the downtrend line, but a minor positive is that the bulls have not ceded much ground to the bears. 

That increases the likelihood of a break above the downtrend line. If that happens, the BNB/USDT pair could ascend to $645. Sellers will try to guard the $645 level, but it is likely to be crossed.

This positive view will be invalidated in the near term if the price turns down sharply from the downtrend line and breaks below $566. That could keep the pair stuck inside the triangle for a while longer.

Solana price analysis

Sellers are trying to defend the 50-day SMA ($130) in Solana (SOL), but the bulls have kept up the pressure.

If the price closes above the 50-day SMA, the SOL/USDT pair could rise to the $147 to $153 resistance zone. Sellers are expected to vigorously defend this zone, but if the bulls prevail, the pair could surge to $180.

The first support on the downside is the 20-day EMA ($123). A bounce off the 20-day EMA will keep the positive momentum intact, while a break below it could sink the pair to $110 and eventually to $95.

Related: Solana rallies 20% against Ethereum, but is $300 SOL price within reach?

Dogecoin price analysis

Buyers are trying to start a recovery in Dogecoin (DOGE) but are expected to face stiff resistance from the bears at the moving averages.

If the price turns down from the moving averages, the bears will again attempt to sink the DOGE/USDT pair below $0.14. If they manage to do that, the selling could accelerate, and the pair may slump to $0.10.

Contrarily, if buyers propel the price above the moving averages, the pair could rally to $0.20. This is an important near-term level to watch out for because a break above it will complete a double-bottom pattern. The pair could then climb toward the pattern target of $0.26.

Cardano price analysis

Buyers are struggling to push Cardano (ADA) above the 20-day EMA ($0.65), indicating that demand dries up at higher levels.

If the price turns down from the 20-day EMA, the next support on the downside is $0.58 and then $0.50. Buyers are expected to fiercely defend the $0.50 level because a break below it could sink the ADA/USDT pair to $0.40.

On the upside, buyers will have to drive and maintain the price above the 50-day SMA ($0.71) to signal that the downtrend could be over. That could propel the pair to $0.83 and subsequently to $1.03.

UNUS SED LEO price analysis

Buyers are trying to push UNUS SED LEO (LEO) above the 20-day EMA ($9.39), but the bears are posing a substantial challenge.

The flattening 20-day EMA and the RSI near the midpoint suggest a balance between supply and demand. That could keep the LEO/USD pair stuck between $9.90 and $8.79 for a few days.

The next trending move could begin on a break above $9.90 or below $8.79. If buyers kick the price above $9.90, the pair will complete a bullish ascending triangle pattern. This bullish setup has a target objective of $12.04.

On the downside, a break below $8.70 could signal the start of a deeper correction toward $8.30.

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.