Bitcoin is currently trading within a well-defined resistance zone. Analyst Gareth Soloway has been monitoring this market since the October 2025 market low. The lower end of this zone is around $80,000, while the upper end ranges between $85,000 and $86,000, where multiple historical pivot points have formed strong resistance levels.
Solovey said that under the current structure, Bitcoin could move toward $86,000, but he did not call it a breakout. “It just needs a catalyst,” he said. “If the Nasdaq index declines for several consecutive days, Bitcoin will quickly drop below $80,000, then below $75,000, and momentum will take over.”
Solovey stated that Bitcoin must break above $98,000 to truly enter a bull market. If this level is breached, it would open a path toward the 2025 bull market top trendline and potentially challenge all-time highs. Until then, he believes the current movement resembles a consolidation phase rather than a confirmed reversal.
He highlighted a major concern: Bitcoin has not yet been recognized as a safe-haven asset. Despite the Nasdaq and S&P 500 indices reaching all-time highs, Bitcoin's price remains approximately 40% below its all-time peak.
Ethereum: Holding $2,100 is enough
Ethereum has underperformed compared to other altcoins that have seen larger gains, and Solovey finds this situation concerning. His near-term target price remains $2,700, but the more significant downside level is $2,100.
A clear support line has formed at this level through a series of key lows. Soloway maintains a neutral-to-bullish stance as long as Ethereum holds above $2,100. A break below this level would indicate that the current trading range is narrowing downward, eliminating any near-term rebound potential.
XRP: A two-tier structure determines the next move
XRP is currently facing resistance in the $1.47 to $1.48 range. If it breaks through this zone effectively, it could rise to $1.70 to $1.80, Soloway said, making this movement worth close attention from current levels.
The key downside level to watch is $1.38. A break below this support level would disrupt the current upward trend and could trigger a price decline. Similar to Bitcoin and Ethereum, the chart shows clear bid and ask levels.