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Trader Who Predicted Latest Crypto Rally Gives His Next Major Forecast: BTC, ETH, XRP, SOL, ADA, SUI

Channel: Gareth Soloway Published: 2026-01-06 13:00
Gareth Soloway

Gareth Soloway argues that recent crypto strength was technically predictable and is likely to extend a bit further before a larger downside phase begins. He says Bitcoin has already rallied from support and may still push toward 97,000-100,000, while ETH, XRP, SOL, ADA, SUI, AVAX, DOT, and others all showed classic bullish breakouts from wedges, support zones, and bull flags.

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Detailed summary

Gareth Soloway’s core message is that the latest crypto rally was not random: it came from clean technical setups, and those setups largely played out as expected. He says he had called for altcoins to rise 20-25% about a week earlier, and that move has now occurred, while Bitcoin has already advanced from roughly 87,000 toward 95,000 and may still have one more push toward 97,000-100,000. At the same time, he warns that a bigger macro downside pattern may begin over the next month or two, so he is treating the current strength as a potentially late-stage rally rather than a new long-term bull thesis. His evidence is overwhelmingly chart-based. On Bitcoin, he describes a parallel channel and multiple horizontal resistance areas, arguing that price was holding support and therefore should move higher rather than break down prematurely. …

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Main takeaways

  1. He views the recent crypto rally as a technical setup he anticipated, not a surprise move.
  2. Bitcoin has already proven support and may still have one more upside leg toward 97k-100k.
  3. ETH, XRP, SOL, ADA, SUI, AVAX, and DOT are presented as examples of classic wedge/flag breakouts.
  4. He is more interested in near-term price structure than fundamental narratives or use cases.
  5. He expects a larger downside pattern to emerge over the next one to two months after the current strength matures.

Market read by horizon

Short term

Tactically bullish but late-stage: Bitcoin may squeeze a bit higher toward the upper-90k/100k area, while ETH could stall near 3,700 and offer a short setup if momentum fades.

  • Bitcoin is still allowed one more push if it can keep holding above the prior support band; he targets roughly 97,000-100,000.
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  • ETH may run into resistance near 3,700, where he says he may consider a short.
  • Recent altcoin breakouts are already extended, so follow-through matters more than chasing entries.
Mid term

The base case is a final upside probe followed by exhaustion or a larger corrective phase within the next few weeks to a couple of months. Confirmation would be clean continuation through resistance; invalidation would be a breakdown back below the cited support zones.

  • Over the next several weeks, he expects the rally to continue only if Bitcoin and leading altcoins keep respecting breakout levels and trend-line retests.
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  • He thinks the more likely path is a final upside probe followed by consolidation or rollover.
  • ETH near 3,700 is a possible inflection point; failure there would reinforce the idea that upside is nearing exhaustion.
Long term

His structural read is that crypto remains a tradeable chart-driven asset class where compression and breakouts can dominate fundamentals. The lasting regime implication is that disciplined support/resistance analysis can outperform narrative-based coin picking in swing-trade windows.

  • His durable framework is that technical structure, not narrative, should guide crypto swing-trading decisions.
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  • He implicitly argues that altcoin sentiment can become so negative that compressed charts often produce violent upside squeezes.
  • The longer-run implication is that traders who ignore chart structure and rely on fundamentals alone may miss the highest-probability crypto moves.
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Key claims (7)

BULLISH crypto momentum Altcoins

He says he predicted a 20-25% altcoin rally about a week earlier and that the move already happened.

He explicitly references prior videos and says the rally has come to pass.

MIXED crypto technicals Bitcoin

Bitcoin may still have one more upside push toward roughly 97,000-100,000 before a bigger downside pattern begins.

He states both the upside target and the later downside concern.

BULLISH support and resistance Bitcoin

Bitcoin held support, so the chart favored an upside move rather than an early breakdown.

He says the market was on support and should not be shorted before it breaks.

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Assets discussed (8)

Bitcoin — BTC
BULLISH crypto

He says BTC held support and may still push to 97,000-100,000 before a bigger downside phase later.

Ethereum — ETH
BULLISH crypto

He calls ETH a bullish chart with a bull flag and support break-retest structure, though near 3,700 he may consider shorting.

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Where this transcript pushes against consensus

  • The bullish calls rely almost entirely on chart pattern interpretation, with little independent confirmation from fundamentals, flows, or on-chain data.
  • The 20-25% upside forecast is presented as near-validated, but several examples were already around 30%+, making the precision somewhat retrospective.
  • He suggests a possible Bitcoin move to 97k-100k while simultaneously warning of a bigger downside phase soon after; the timing of that transition is not well defined.
  • The ETH short near 3,700 is a conditional trade idea, but he does not explain what would invalidate it beyond a breakout above resistance.

Topics

Bitcoin technical setupEthereum resistanceXRP wedge breakoutAltcoin rallyBull flags and wedgesSwing trading disciplineSmart Money Crypto serviceSupport and resistanceMacro downside riskCrypto portfolio positioning

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