Bitcoin is hanging on by a thread at $75,500, and Gareth Soloway shows why a confirmed daily close below that level opens the door to $67,000, a level he calls an epic buying opportunity per the technicals. Video by Gareth Soloway.
Gareth starts on the live Bitcoin chart, relabeling the broken $81,000 support as resistance and walking through how the same lines have flipped between support and resistance again and again. He explains why repeated hammering on $75,500 and a possible head and shoulders pattern have him neutral to negative, and why $67,000 matters: it is the neckline of the inverse head and shoulders that had him long Bitcoin before the last run higher. A break back above $81,000 would give him a bullish bias.
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Gareth also flags a warning sign in the money flow. Gold rallied as the AI trade sold off earlier this week, and today the AI stocks bounced, yet Bitcoin moved with neither. Gareth explains why that relative weakness keeps him cautious on crypto, why returns should always be compared without leverage, and why he thinks more regulation could be a long-term positive for crypto adoption.
On the altcoins, Gareth maps his buy levels: Ethereum on a pierce of $2,000 after a failed reclaim, Zcash at $875 to $885 under a bear flag, Hyperliquid near $50 after a double top rejection, a key Chainlink support zone, and NEAR Protocol near $3 on a retrace to a former high pivot.
Probability over emotion, being the casino instead of the gambler, and why following the charts beat chasing fear and greed.
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