Price predictions 2/6: BTC, ETH, BNB, XRP, SOL, DOGE, ADA, BCH, HYPE, XMR

Recently, Bitcoin (BTC) and major altcoins saw strong double-digit rebounds after a brutal sell-off earlier this week. However, market participants are concerned that this recovery might be short-lived, potentially just a dead cat bounce. Analyzing the technical charts reveals whether a longer-term recovery is forecasted. If Bitcoin confirms past support levels with its technical indicators, further upside could be anticipated. Yet, the durability of this rebound remains questionable. Traders are currently divided in their investment decisions at the prevailing price levels, with both bullish and bearish sentiments evident. Similarly, many altcoins are exhibiting comparable price actions, with Ethereum (ETH) and Binance Coin (BNB) showing significant movements post-rebound. Through technical analysis, investors need to pay close attention to how the prices of these assets might evolve.