Gareth Soloway says Bitcoin is near a tactical inflection point but the bigger chart still looks bearish. He is neutral short term around 79k, bearish over the medium term unless Bitcoin clears 85k and especially prior pivot highs, and still long-term constructive on Bitcoin as an asset if it can survive a major market deleveraging event.
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Gareth Soloway opens by saying Bitcoin is struggling just under 80,000, which was the low end of his prior 80,000–85,000 target range. He says he has moved from bullish at 60,000 to neutral around 79,000, with the immediate question being whether the stock market can keep making a vertical move; if equities stay strong, Bitcoin could regain buying pressure and retest 80,000–85,000, but if stocks stumble he expects downside. He repeatedly frames the larger Bitcoin chart as a macro bear flag that eventually points lower, even though the shorter-term structure since the February reversal candle has been bullish and technically respected. …
Bitcoin is at a tactical inflection: a strong equity tape can still support a push back above 80k, but any stumble in stocks likely sends crypto back toward nearby support. Short-term positioning should stay cautious because altcoins are closer to breakdown points than BTC.
Over the next several weeks, the more likely path is that BTC remains range-bound to bearish unless it can reclaim 85k and then clear overhead pivots with follow-through. If that fails, the bear-flag interpretation stays active and altcoins probably lag harder than Bitcoin.
The structural question is whether Bitcoin proves itself during a real market deleveraging event. If it holds up in a serious equity drawdown, it strengthens the case for Bitcoin as a durable macro asset; if not, the long-term narrative is weakened even if the asset survives.
Bitcoin is struggling just under 80,000, which is the lower end of the speaker's 80,000 to 85,000 target range.
He says BTC is 'continues to struggle just under 80,000' and that 80k was the low end of his target range.
He has shifted from bullish at 60,000 to neutral around 79,000.
Directly states his updated stance as Bitcoin moved higher.
If the stock market stays vertical, Bitcoin could regain buying pressure and move above 80,000 toward 85,000.
He ties BTC upside to continued equity strength.
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