The post Gareth Soloway Reveals Next Bull Price Targets For Bitcoin, Ethereum and XRP appeared first on Coinpedia Fintech News
Gareth Soloway, chief market strategist at VerifiedInvesting.com, is doubling down on his short-term bullish thesis for crypto, and the charts he is looking at are telling a story that most of the market is missing. While the S&P 500 slides, Bitcoin is green. That divergence, he says, is the most important signal in the market right now.
Bitcoin: One Level Away From $80,000 to $85,000
Bitcoin is pushing higher and Soloway says the structure is clean. The important level sitting between today’s price and his target zone is $74,000.
“We’ve broken out,” he said. “We had our high pivot, retraced to support, and now we’re testing the next level. Once we break through $74,000, the upside move takes you to $80,000 to $85,000.”
The bullish case is built on a textbook pattern. A green reversal candle formed weeks ago and not a single candle has closed below its low since. That inside bar action, Soloway explains, is a classic setup that precedes breakouts rather than breakdowns.
What makes the setup more convincing is what Bitcoin is doing relative to everything else. Since February 25, the S&P 500 is down 4.45%. Bitcoin over the same period is up 12%. It is also outperforming gold and silver. Soloway calls this relative strength the breadcrumb trail pointing toward further upside.
“I am not a midterm bull on Bitcoin. I am a short-term bull. Short term means days to weeks.” Beyond that window, he expects a broader stock market drawdown to eventually drag Bitcoin below the $60,000 low seen roughly six weeks ago.
Ethereum: Break Above $2,150 Opens Door to $2,600
Ethereum has not broken out yet but Soloway says it is hammering on the door. The key level is $2,150. ETH has pierced it twice already and is pressing against it again.
“If we can get a daily close above $2,150 and then confirm, look out above,” he said. “The target would be $2,600.”
The pattern mirrors Bitcoin’s setup: a reversal base forming, repeated tests of resistance, and the kind of structure that tends to resolve with a sharp move rather than continued grinding.
XRP: Bullish Pattern With $1.80 as the Target
XRP is trading around $1.41 and Soloway sees a clear short-term bullish structure forming. His upside target sits at approximately $1.80, where a confluence of former support turned resistance and converging trend lines creates a significant ceiling.
“This zone and this trend line are joining forces to create major, major resistance,” he said. Getting through it cleanly would be a significant technical achievement for XRP.
Source: https://coinpedia.org/news/gareth-soloway-reveals-next-bull-targets-for-bitcoin-ethereum-and-xrp/
