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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.