Gareth Soloway says Bitcoin, Solana, Ethereum, and XRP still look bullish near term, but he thinks the larger crypto move is likely an intra-bear-market rally that eventually rolls over. He frames the current action as a chart-driven leg-up with clear support levels to watch and a plan to scale out of positions as resistance is approached.
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Gareth Soloway opens by saying he is revisiting Bitcoin, Solana, Ethereum, XRP, and other altcoins after previously calling for Bitcoin to rise from the low $60,000s toward $80,000-$85,000. He says Bitcoin reached about $76,000 and is still in a short-term bullish structure, but he believes the broader context is an intra-bear-market rally that should eventually fail and make lower lows. The central framework is technical: higher highs, higher lows, a bullish consolidation/bull flag on the shorter timeframe, and then a larger bearish macro pattern forming underneath. For Bitcoin, he points to a trend line around $68,000 as the key line in the sand and says a break below it would negate the current bullish setup. …
Tactically constructive while BTC holds its $68k-ish trend support and SOL/XRP continue to respect breakout/retest structure; momentum traders can still work the upside, but the setup is time-sensitive and should be trimmed into resistance.
Over the next several weeks, the market likely tries to extend higher first, but the burden of proof stays on the bulls to keep making higher highs without losing support; a break of the key trend lines would flip the tape from buy-the-dip to sell-the-rally.
The larger regime call is cautious to bearish: he treats the present move as a rally inside a bigger downtrend, implying crypto could still be in a structurally fragile phase even if near-term charts look healthy.
Bitcoin was previously called for a move from the low $60,000s to $80,000-$85,000.
He references his earlier call and says that was the expected upside zone.
Bitcoin’s current move is still short-term bullish, but the larger pattern is an intra-bear-market rally that should eventually roll over.
He explicitly frames the short-term pattern as bullish while saying the longer-term structure is bearish.
Bitcoin has a key support line around $68,000 that would flip the bias if broken.
He says that trend line is the line in the sand and a breakdown would negate the bullish setup.
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