Gareth Soloway, a well-known trader and investor, has over 250,000 subscribers on YouTube. He just posted a new video breaking down the crypto market. His messageGareth Soloway, a well-known trader and investor, has over 250,000 subscribers on YouTube. He just posted a new video breaking down the crypto market. His message

Bitcoin’s 50‑Day Consolidation Ends in 11 Days – Here’s Where BTC, ETH, XRP, Solana, and Avalanche Are Headed

2026/04/06 16:00
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Gareth Soloway, a well-known trader and investor, has over 250,000 subscribers on YouTube. He just posted a new video breaking down the crypto market. His message is clear: Bitcoin has been stuck in a tight sideways range for 50 days. That is rare for BTC. And the clock is ticking.

According to Soloway, a similar consolidation pattern back in November 2025 lasted 68 days before resolving to the downside. Right now, Bitcoin is at day 57. That gives the market roughly 10 to 11 days before the next big move is forced.

Bitcoin’s 50‑Day Consolidation Ends in 11 Days – Here’s Where BTC, ETH, XRP, Solana, and Avalanche Are Headed

Bitcoin’s Wedge Pattern and Key Levels

Soloway points to a descending trend line from the January high and a rising support line from the recent lows. These two lines form a wedge that is coming to a head. Within 11 days, price will have to break out or break down. The wedge resolution puts us around April 15 – tax day.

The critical level to watch on the downside is a daily close below $62,750. As long as Bitcoin holds above that, the chart maintains a slight bullish bias. Soloway also notes that a breakdown would fulfill a head and shoulders pattern on the longer‑term chart.

If it breaks down, he sees a 15‑16 percent drop from current levels. The worst‑case downside, if the stock market collapses 50% and the CLARITY Act fails, is around $30,000.

On the upside, a breakout could deliver 18‑25 percent gains over three to four weeks, targeting the $80,000‑$85,000 range. That area is the “scene of the crime” – the previous consolidation zone before the drop. Once Bitcoin clears $80‑85K, the next major resistance is a pivot line at $100,000. That line connects lows from 2020 and the recent low. If Bitcoin breaks above that, the best‑case scenario targets a new all‑time high near $132,000.

Soloway remains net long Bitcoin. He took partial profits on the recent pop but still holds some with an average entry around current levels. He is willing to wait for the breakout or add on a dip.

Ethereum (ETH)

Ethereum shows a similar reversal candle structure. The key support is $1,800‑$1,820. A break below that could send ETH to $1,500‑$1,600, then possibly $1,400. On the upside, first resistance sits at $2,600‑$2,700.

XRP

Soloway likes the XRP chart. He says it has a great reversal candle and an inside bar consolidation within a channel. Upside target is $1.70‑$1.80. Downside support is a double bottom near $1.11.

Solana (SOL)

Solana is forming a wedge pattern as well. A breakout could send it to $118, which is 40‑50 percent upside from current levels. If it breaks down, the next major support is $45‑$50.

Avalanche (AVAX)

Avalanche looks really good to Soloway. It is hammering on its breakout level. The chart shows a downsloping descending trend line with a flat base. If AVAX can break out above $9.10 to $9.15, the upside target is $11.40. That is a solid move. If it breaks the small double bottom near $7.50, the next major support sits around $5.00.

Overall, Soloway says the crypto market is at a major turning point. Sentiment is so bad that a short squeeze could ignite a sharp rally. But the market could just as easily break down. The levels are clear. Watch Bitcoin’s $62,750 support and the descending trend line. The next move is coming within 11 days, starting with Bitcoin.

Read also: Crypto Price Prediction for Next Week After Trump Threatens to “Blow Everything Up” in Iran

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The post Bitcoin’s 50‑Day Consolidation Ends in 11 Days – Here’s Where BTC, ETH, XRP, Solana, and Avalanche Are Headed appeared first on CaptainAltcoin.

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