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Coin Telegraph

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Image Credit: Coin Telegraph

Price analysis 4/7: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, LEO

  • Bitcoin (BTC) rebounded near $78,000 after dropping below $80,000 due to US stock futures decline.
  • Fear & Greed Index of US stock markets dropped to 4/100, suggesting panic selling and potential for a sharp recovery.
  • Caution advised due to high volatility; Michael Saylor's company halted Bitcoin purchases.
  • S&P 500 Index gapped down, finding support near 61.8% Fibonacci retracement level at 4,884.
  • US Dollar Index bounced off 101 support but faces resistance at 20-day EMA at 103.95.
  • Bitcoin price showed buying near $73,777 with potential to reach $89,000 and $95,000.
  • Ether (ETH) downtrend resumed below $1,754 support, RSI in oversold suggesting a relief rally.
  • XRP (XRP) formed a head-and-shoulders pattern, facing solid selling at $2 with support at $1.77.
  • BNB (BNB) dropped sharply below 61.8% Fibonacci retracement level at $559, with support at $520.
  • Solana (SOL) collapsed below $120-$110 support, with potential downside to $80.

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