Price predictions 5/4: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, HYPE, ADA

Bitcoin has broken above the $79,500 level, backed by solid buying by institutional investors. Will the altcoins also follow?

Key points:

Bitcoin (BTC) opened the new week with a rally above $80,500, suggesting the bulls are attempting to take charge. Analysts are closely watching the $80,000 level, as some believe a failure to close above it could trigger a move toward $60,000. 

However, crypto analyst Matthew Hyland said in a post on X that traders calling BTC’s fall to $60,000 and lower ‘will be the ones flipping bullish late above $90K.” 

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