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Bitcoin is at a critical juncture. Analyst Gareth Soloway has identified $63,500 as the most important level in the short term. Bitcoin surged from a double bottom pattern to $67,200 before retracing to its current level.
That price drop is normal and healthy. But the price being tested right now is precisely where the initial breakout occurred, making it a crucial support zone that buyers must defend.
If it holds at $63,500, the next technical target is $70,000. If this level is broken, the double bottom pattern will weaken with each test and eventually collapse completely.
Macro Concerns
Looking at the bigger picture, Soloway has identified a head and shoulders pattern on Bitcoin's long-term chart, creating an estimated worst-case volatility target of around $35,000.
“I hope that doesn’t happen because I’ll buy Bitcoin as soon as the price drops to $50,000 or lower,” Soloway said, adding that his accumulation plan would start from $50,000 down to $45,000, $40,000 and possibly $35,000 if the trend plays out as predicted.
Ethereum, XRP and Solana
Ethereum is holding firm on its long-term uptrend line starting from the 2022 lows, with key levels to watch around $1,690 to $1,700. This is the third test of that trendline.
XRP still needs to break above and hold above $1.21 to confirm a breakout. It has broken through this level before but failed. A sustained move above this level would be crucial, and until then, XRP remains in a waiting phase for a catalyst.
Solana is holding above its own breakout level, and Soloway maintains a buy position, expecting the price to rise higher unless the breakout is broken.
Cardano, ZEC, and XMR
Cardano is struggling to find its footing, bouncing up and down within the same range. The key level to hold is $0.165. Holding this level will help maintain the structure, but the upward momentum is weak.
For ZEC, the key level is $460, which is also a previous resistance level that has turned into support. Holding this area will help maintain the recent upward momentum.
XMR is the most volatile in the group. Soloway identifies $293 as the trendline to hold to prevent the formation of a larger bearish pattern. The notable resistance level is $428. A confirmed breakout above this level would trigger what Soloway describes as an explosive price surge.

Bitcoin holds above key technical zone
Bitcoin (BTC) is fluctuating around a technical zone closely watched by many long-term investors: the 200-week simple moving average (200-week SMA).
According to Thomas Perfumo, Chief Economist of Kraken, the 200-week SMA is currently around 62,000 USD. Bitcoin is trading nearly 64,000 USD, which is still higher than this range.
However, in the last two weeks, BTC has had two short drops below this average line, before recovering and closing above.
This development shows that the area around 60,000-62,000 USD is playing a notable support role in the short term.
History has recorded strong yields
Perfumo said that since mid-2017, Bitcoin has only closed below the 200-week SMA on about 10% of trading days.
In the past, times BTC fell near this area often created attractive accumulation opportunities for long-term investors.
According to data cited by Kraken, purchases around the 200-week SMA have returned a median of more than 113% after one year and about 313% after two years.
Notably, the downside risk during these periods is also relatively limited compared to Bitcoin's usual volatility. The median time for an investor to break even is only about 2 days, while the median maximum drawdown over the following year is about 9%.
Not a solid signal
While historical data is positive, past performance does not guarantee future results.
Bitcoin is still heavily influenced by interest rates, liquidity, risk sentiment and global macro fluctuations.
BTC holding the support zone around $60,000 could be an encouraging signal, but not enough to confirm a new uptrend.
For long-term investors, the area around the 200-week SMA continues to be an area worth watching. However, the buying decision needs to be considered with risk management, instead of relying solely on a single technical indicator.

A cryptocurrency analyst says the summer of 2026 could be a major turning point for the market, with XRP, Stellar (XLM), and Shiba Inu (SHIB) potentially benefiting if Bitcoin enters its next bull run.
Here are the altcoins on his watchlist:
XRP Could Benefit from Market Recovery
For XRP, the analyst is convinced that it could be one of the biggest beneficiaries if money starts flowing back into large-cap altcoins.
His view isn't based on any Ripple announcements, but on XRP's history of outperforming other altcoins when the altcoin market is generally bullish. If Bitcoin rises, he predicts investors will shift capital to established names like XRP.
XLM Could Capitalize on Growing Adoption Trends
The analyst also has a positive outlook on Stellar (XLM), pointing to the growing interest in tokenization, stablecoins, and blockchain-based financial infrastructure.
While not giving a price target, he believes XLM could benefit from the increasing adoption of blockchain technology in practice if the market improves.
SHIB Still Has Significant Community Strength
For Shiba Inu (SHIB), the story is different. The analyst notes that SHIB continues to be driven primarily by community interest and individual investors.
If market sentiment turns positive, he predicts meme coins will attract more new capital inflows, with SHIB remaining a leading name. In previous bull runs, individual investors quickly flocked to meme coins as confidence recovered.
Why Summer 2026 is Not a Key Spotlight
A significant part of the focus is on the Bank of Japan's recent interest rate hike from 0.75% to 1%. The analyst notes that similar moves in the past have sometimes caused market volatility.
However, he argues that Bitcoin's historical cycles, combined with other seasonal market patterns he tracks, suggest the current period may be an accumulation phase before a more significant price surge.
He notes that if Bitcoin experiences a strong price increase in the near future, XRP, XLM, and SHIB could be key altcoins to watch during the summer of 2026.

Geoffrey Kendrick, head of digital assets at Standard Chartered, recently declared the “crypto winter” over and called the $59,000 price level the bottom of this cycle.
But cryptocurrency expert John Gillen reacted with a mix of optimism and caution.
“He could absolutely be right,” Gillen said. “To me, whether it’s the bottom or just part of a bottoming process isn’t that important.”
His point is that trying to pinpoint the bottom down to the thousandth of a dollar is the wrong question. The right question is whether this price is close enough to the bottom to justify accumulation. His answer is yes.
“This could be one of the best buying opportunities we have for Bitcoin and the entire digital asset ecosystem in years to come, perhaps even ever,” he said.
The Problem with the CLARITY Act
Beyond price movements, Gillen also pointed out an underappreciated political risk. If the midterm elections weaken the current administration, the CLARITY Act, which he describes as being in a precarious state, could completely disappear.
“If it fails in the midterm elections, I think that would be worse for cryptocurrency because cryptocurrency needs congressional action to get regulatory clarity,” he said. “That would kill the CLARITY Act. The Democrats would never pass that act.” He remarked with a touch of bitter humor that the bill had been relegated to the bottom of the list of market drivers to the point that he forgot to mention it. “It’s practically dead,” he said.

Bitcoin has surged from below $59,000 to $67,000 in just one week, Ethereum and Solana both rose 10% to 11% in a single trading session, and privacy tokens, AI tokens, and some of the most prominent stories from the beginning of the cycle are once again “on fire.”
The question every cryptocurrency investor is asking right now is the same as always in times like these: “Is this a real opportunity or just a bear market trap?”
Expert John Gillen believes it’s too early to conclude.
“The market still needs to prove one way or another what this is,” Gillen said in a recent interview.
For the past ten months, he has consistently set price targets in a downtrend and is unwilling to abandon that framework based on just one week of green candles, no matter how promising they may seem.
His basic scenario is that $60,000 could be the bottom of this cycle, but he's still not certain.
“There’s a not insignificant possibility, a substantial possibility at this point, that retesting the bottom will form a double bottom pattern and we’ll continue to rise higher from there. But I don’t see us seeing a strong bullish reversal immediately at this time,” he said.
He predicts price movements this summer will continue to be volatile, with periods of weakness and strong rallies. Bitcoin could still fall below $60,000 before any further recovery.
In his personal view, only when the price of Bitcoin rises above the $75,000 area will that be the beginning of a journey back to the top.
As for Bitcoin remaining below $67,000, "being below that level doesn't really make a significant difference to me," he said.
Gillen's perspective isn't about chasing semiconductor or artificial intelligence IPOs. He's interested in accumulating what he calls "top-tier digital assets"—pristine, high-quality assets that nobody wants to buy.
"Bitcoin is the best-performing asset of all time, and right now nobody wants to buy it," he says. "But this is a great opportunity."

In a discussion with Coinpedia, cryptocurrency analyst Kripto Holder shared his latest assessment of Bitcoin, suggesting the market is currently experiencing a liquidity-attracting and leverage-reduction phase rather than a clear accumulation phase.
According to the analyst, the $65,000–$66,000 price range should be seen as an area where excess leverage is being removed from the market. While Bitcoin holding above $65,000 as open interest decreases is a positive development, the weak Spot CVD and negative Coinbase Premium continue to indicate a lack of strong buying activity in the spot market.
“Currently, Bitcoin is telling me: the market is stabilizing, but the uptrend is not yet confirmed.”
The analyst believes Bitcoin still needs to reclaim the $67,000–$68,000 price range and be accepted above $72,000 before a sustainable uptrend is confirmed. Until then, he views the current price movement as part of a broader market correction rather than the start of a new bull run.
Kripto Holder also pointed to recent market activity, noting that Bitcoin wiped out billions of dollars due to liquidation of long positions during the most recent correction. Following the sell-off, large investors (whales) reportedly began accumulating around $62,000, helping to push the asset price back to $67,000.
Additionally, the analyst highlighted that approximately $8 billion in liquidity remains outstanding below the current price, down to $60,000. He suggested that a shift to areas with higher liquidity could help improve market structure.
“A strong surge to the $69,200 region today, followed by a rapid downward correction, would be quite good for the market.”
According to the analyst, such a move would remove excess leverage and weed out late-entering traders driven by FOMO (fear of missing out), potentially creating a more solid foundation for the next major trend.
While the structure is improving, Kripto Holder warns that a loss of the $65,000 level could reopen lower liquidity zones. In that scenario, Bitcoin could return to the $63,000–$61,000 range, and the deeper $58,000–$56,000 region would become crucial if selling pressure increases.
Bitcoin Price Prediction Q4
Looking ahead, the analyst remains cautiously optimistic about Bitcoin's prospects in Q4. If the cryptocurrency successfully reclaims the $67,000–$68,000 price range and is accepted above $72,000, he predicts Bitcoin will rise to the $78,000–$85,000 range in Q4.
“A retracement from $67,000 to $68,000 is needed, followed by acceptance above $72,000.”
In a more optimistic scenario, Kripto Holder believes Bitcoin could continue its upward momentum towards the $90,000–$100,000 range, provided spot demand increases sharply and key resistance levels are decisively overcome.
Ethereum Price Forecast
Cryptocurrency analyst Kripto Holder believes Ethereum's biggest challenge isn't innovation, but rather the allocation of capital within the cryptocurrency market.
“Ethereum’s problem isn’t the technology, it’s the capital flow,” he said, noting that Ethereum is unlikely to outperform Bitcoin as long as the ETH/BTC price remains weak.
The analyst believes that demand for staking-backed ETFs and stronger ETH inflows from institutions could be key catalysts for a recovery in the next six months. Based on his outlook, Kripto Holder has set a 2026 base target of $2,800–$3,500 for ETH, with an optimistic scenario pointing to $4,500–$5,500.
XRP Price Prediction
Holder believes XRP has growth potential, but believes that positive news alone won’t be enough to help the coin outperform Bitcoin and Ethereum. He stated, “News flow alone isn’t enough to surpass BTC and ETH,” adding that XRP needs a strong price surge against XRP/BTC, stronger spot trading volume, institutional capital inflows, and a weekly closing price above $1.80 to solidify its bullish outlook.
Based on his view, Kripto Holder has set a baseline price target for XRP in 2026 of $1.80–$2.50. In a bullish scenario, he predicts the token will reach $3.20–$4.80, while a bearish scenario could push XRP back into the $0.70–$0.95 range.

Although Bitcoin is still under pressure, one cryptocurrency analyst suggests the market may be nearing a bottom.
Citing recent statements from Coinbase CEO Brian Armstrong, the analyst explains that Bitcoin's $60,000 price could mark the lowest point of the cycle.
Currently, over 50% of Bitcoin holders are experiencing losses, a signal also seen near the bottom of the 2018 and 2022 bear markets.
While he predicts the weakness may continue for several more months, he considers the current phase to be an accumulation period. Below are 3 top altcoins to watch right now.
A great opportunity for XLM in 2027
Among the altcoins on his watchlist, Stellar (XLM) is one of the most overlooked projects.
His optimistic view centers on the planned asset tokenization initiative involving the Depository Trust & Clearing Corporation, which holds and processes over $100 trillion in assets.
According to the analyst, Stellar has been selected as part of an effort to bring traditional financial assets onto the blockchain, with wider deployment expected by 2027.
He stressed that this is a long-term story, not a short-term trade. While XLM remains significantly lower than the peaks of previous cycles, he believes the current price is quite attractive compared to the price the token could reach if tokenization adoption accelerates over the next year.
Currently, XLM shares are trading at $0.2211 and have risen 2.3% in the last 24 hours.
Aerodrome Finance Attracts Attention
Next on the list of watchable tokens is Aerodrome Finance (AERO). Analysts point to AERO's growing role in the Base ecosystem and upcoming expansion plans that could strengthen its presence in the broader DeFi market.
They also mention recent optimistic forecasts for Uniswap from major financial institutions, suggesting AERO could benefit from similar growth trends in the decentralized finance sector.
According to them, Aerodrome's model stands out because it redistributes transaction fees to token holders while continuing to expand its liquidity network.
Currently, AERO shares are trading at $0.4936 and have increased 8.86% in the last 24 hours.
Hyperliquid remains a favored choice in the market.
The third project on the list of top 3 altcoins to watch is Hyperliquid (HYPE).
Analysts describe HYPE as one of the strongest-performing stocks in the current market cycle, driven by increased trading activity and growing institutional interest.
They note that billions of dollars worth of open contracts are being traded on the platform, encompassing not only cryptocurrency assets but also commodities, indices, and other markets.
They also point to strong demand for investment products related to Hyperliquid, noting that ETFs tracking the project have recorded inflows almost daily since launch.
Currently, HYPE stock is trading at $72.69 and is down 1.26% in the last 24 hours.