Price predictions 8/11: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE
Main Idea
The article provides price predictions and analysis for various cryptocurrencies and indices, highlighting key resistance and support levels, and potential market movements.
Key Points
1. Bitcoin (BTC) faces selling near $123,218 but remains on track for a new all-time high if it sustains above $117,000, with significant ETF inflows observed.
2. Ether (ETH) shows bullish momentum, with BitMEX co-founder Arthur Hayes repurchasing ETH at higher prices after a previous sale.
3. The S&P 500 Index (SPX) may resume its uptrend if it breaks above 6,427, with support expected at 6,147.
4. The US Dollar Index (DXY) could drop to 95 if it breaks below 96.37, while a move above 99.32 may signal a bullish trend.
5. Altcoins like XRP, BNB, SOL, DOGE, ADA, and HYPE are analyzed for potential breakouts or declines, with key resistance and support levels identified.
Description
Bitcoin is facing selling near $123,218, but it remains on track to hit a new all-time high as long as it sustains above $117,000.
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