n this deep-dive technical analysis, Gareth Soloway, Chief Market Strategist at VerifiedInvesting.com, breaks down the current state of the crypto market with a "no-fluff" approach to the charts. With over 27 years of experience, Gareth demonstrates exactly how he builds trendlines from scratch to remove emotion and focus purely on price action and probability. Video by Gareth Soloway.
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The video begins with a masterclass on Bitcoin’s macro pattern. By connecting the 2017 bull market highs through the 2021 peaks, Gareth identifies a recurring "three peaks to a valley" formation that accurately called the October top. While many investors are feeling the "FOMO" of recent price action, the macro chart remains clearly bearish, showing a massive parallel channel that suggests eventual downside targets—potentially as low as $30,000 to $50,000—especially if the broader stock market faces a 20-30% correction.
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Today's Insights
-Institutional "Buy the Dip": Michael Saylor's Strategy announced the purchase of 13,927 BTC for approximately $1 billion over the past week . This brings the firm's total holdings to 780,897 BTC.
-Geopolitical Recovery: Bitcoin bounced from weekend lows (near $70,500) following reports that Iran might consider concessions to end current hostilities, providing a "modest relief rally" for risk assets.
-Macro Pressure: Despite the bounce, prices remain under pressure due to U.S. inflation accelerating at its fastest monthly pace in four years, fueling expectations of a "hawkish" Federal Reserve and zero rate cuts for 2026.
-New Investment Products: Wall Street continues expansion with Morgan Stanley launching its Bitcoin Trust (MSBT) and Nasdaq listing the Nicholas Bitcoin and Treasuries AfterDark ETF (NGHT).
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