Friday, 1 May 2026

Bitcoin's Bearish Pattern: Key Level to Watch Before the Next Big Move

In this episode of Pro Charts: Crypto, Master Trader Gareth Soloway breaks down the current technical structure on Bitcoin, Ethereum, Solana, and XRP — and why the macro pattern is starting to mirror the setup that preceded the last major leg lower.

Bitcoin is sitting near the upper band of its parallel channel after tagging the $80K–85K resistance zone, and the broader pattern (down-move into sideways consolidation) increasingly resembles the structure that resolved to the downside earlier in the cycle. A break of the rising trend line would open the door to $50K as a first major downside target, with longer-term worst-case scenarios sitting lower. The bullish invalidation: a clean move back above $85K, then $97K. Video by Gareth Soloway.

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ETH carries the same trend line risk — a break points toward $1,400, with $2,700 as the level that would flip the structure bullish. Solana is barely holding support and could see $67 or $50 if it gives way (Gareth flags $50 as a buy zone). XRP remains the cleanest of the four, with $1.80 as the breakout level that matters.

The bigger question through all of it: Bitcoin is still 40%+ off its highs while equities print new all-time highs. If risk assets de-leverage from here, where does crypto trade? Visit Trading Platform >>



Timestamps

00:00 Bitcoin — channel structure and macro pattern
04:42 Bull case invalidation levels
05:46 Ethereum — trend line, 2,700 pivot
06:30 Solana — 67 and 50 downside targets
07:30 XRP — 1.80 breakout level

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