Price predictions 2/2: SPX, DXY, BTC, ETH, BNB, XRP, SOL, DOGE, ADA, BCH

💡 DMK Insight

Bitcoin and altcoins hitting new 2026 lows has sparked a buying response, but the real question is whether this is a dead cat bounce. Bullish traders are stepping in, but the selling pressure at intraday range highs suggests that the correction could still have legs. If we look at the recent price action, it’s clear that while buyers are eager, they’re facing significant resistance. This could lead to a classic trap where traders jump in too early, only to see prices reverse again. Keep an eye on key resistance levels; if Bitcoin can’t hold above its recent highs, we might see further declines. Also, consider the broader market context. If traditional markets remain volatile, that could spill over into crypto, amplifying any downward moves. Watch for correlated assets like Ethereum and Litecoin, as they often follow Bitcoin’s lead. The next few days will be crucial; if we see a failure to break above recent highs, it could trigger more selling pressure, especially from short-term traders looking to capitalize on the volatility.