Price predictions 2/9: SPX, DXY, BTC, ETH, BNB, XRP, SOL, DOGE, ADA, BCH

💡 DMK Insight

Bitcoin’s current price of $69,964 is flirting with resistance, and here’s why that matters: The recent uptick in BTC and altcoins is meeting stiff selling pressure near their range highs, suggesting traders should be cautious. If Bitcoin can’t break above this level, we might see a pullback that tests support levels. Watch for key indicators like volume and RSI; if they start to weaken, it could signal a reversal. On the flip side, if BTC manages to close above $70,000, it could trigger a wave of buying, pushing altcoins like LTC, currently at $54.47, higher as well. This dynamic is critical for day traders looking to capitalize on short-term movements. Keep an eye on the daily charts for signs of momentum shifts, as a failure to hold above current resistance could lead to increased volatility and a potential cascade effect across the crypto market.