Gareth Soloway breaks down the Bitcoin breakout that is currently underway, walking through the down-sloping trend line off the all-time high, the confirmation level that decides whether this move is real, and exactly how high Bitcoin can run in the near term. He also covers Ethereum, Solana, XRP, and Cardano, reading each setup on the same technical framework.
On Bitcoin, Gareth explains why price climbing back above the multi-touch trend line is the positive he was waiting for, and why he still needs a daily close above $65,000 to confirm the breakout. He lays out the near-term resistance near $67,000, an upside target between $71,000 and $75,000, and why the same structure can be read as a cup and handle or a head and shoulders. Both point to near-term bullishness. Video by Gareth Soloway.
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Time stamps
0:00 Bitcoin Breakout Underway
0:47 Rumble Wallet Sponsor
1:38 Bitcoin Trend Line Breakout And Upside Target
2:31 Why Gareth Is Bullish Short-Term But Cautious Long-Term
3:33 The Confirmation Level: Daily Close Above $65,000
4:20 Where The Setup Fails And How To Manage Risk
5:16 The Larger Bitcoin Cycle: $50K And $35K Risk
5:40 Ethereum: Inverse Head And Shoulders Plus Bull Flag
6:32 Solana: Wedge And Cup And Handle Toward $100
7:45 XRP: The $1.03 Level To Hold
8:38 Cardano And The Altcoin Wake-Up
This one is a clinic on making sense out of chaos with simple lines and formations.
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