Bitcoin and most altcoins have taken a heavy hit since October, facing sharp pullbacks and shaking investor confidence 📉😰
With many traders asking when this bearish phase might finally wrap up — and where crypto is headed next — analyst Gareth Soloway recently shared his outlook on Bitcoin (BTC), Ethereum (ETH), and XRP in a new YouTube update 🎥📊
According to him, the market could see a short-term bounce, but volatility is still very much on the table ⚠️
He believes that major cryptocurrencies may stage a temporary relief rally before the market ultimately decides its longer-term direction.
1️⃣ Bitcoin (BTC) 🟠
Soloway pointed out that Bitcoin’s recent price action suggests a possible bullish consolidation pattern — something that often appears when smart money starts accumulating during periods of fear and uncertainty 😨➡️💰
In the near term, BTC could attempt a rebound toward the $80,000–$85,000 range. However, this zone is expected to act as strong resistance, meaning sellers may step in aggressively there 🧱
So while a recovery push is possible, it won’t likely be an easy breakout.
2️⃣ Ethereum (ETH) 🔵
The analyst emphasized that Ethereum tends to mirror Bitcoin’s overall trend cycles.
“If Bitcoin finds stability, Ethereum could follow with a short-term recovery move,” he explained 📈
Still, ETH’s longer-term outlook depends on whether the broader crypto market establishes a clear bottom. Without that confirmation, any rally could remain temporary.
In a rebound scenario, Soloway estimates Ethereum could climb back toward $2,600, which aligns with the lower boundary of its previous consolidation zone 🔄
3️⃣ XRP 🟣
When it comes to XRP, uncertainty remains high. The key level to watch, according to the analyst, is $1.78.
For bullish momentum to return, XRP needs to break decisively above that resistance level 🚀
If it succeeds, it could invalidate the current downtrend and begin stabilizing. #BTC #xrp
