Read

Polygon

Daily

<p>A BTC market analysis was shared by 25-year trading veteran Gareth Soloway, who detailed his journey in trading since 1999. This was covered by Altcoin Daily in a YouTube video.</p>
<p>The veteran analyst began his career during the dot-com bubble, initially experimenting with paper trading accounts before transitioning to real trading.</p>
<p>Despite early setbacks that required him to work multiple jobs to maintain his trading account, Soloway eventually mastered chart analysis, which he considers crucial for predicting market movements.</p>
<h2 class="wp-block-heading" id="market-sentiment-influence-and-btc-price-prediction">Market Sentiment Influence and BTC Price Prediction</h2>
<p>Soloway emphasizes that crypto markets are heavily influenced by sentiment, particularly due to the high participation of <a href="https://www.investopedia.com/terms/r/retailinvestor.asp" target="_blank" rel="noopener noreferrer nofollow">retail investors </a>compared to traditional markets. The analyst points to recent dramatic price movements in cryptocurrencies like XLM and <a class="wpil_keyword_link" href="https://captainaltcoin.com/cardano-ada-price-prediction/" title="Cardano" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">Cardano</a>, suggesting these extreme fluctuations often signal the end of market moves rather than the beginning.</p>
<p>In his technical analysis, Soloway identifies a <a href="https://www.thenewsminute.com/bitcoin-and-crypto/basics-technical-analysis-parallel-channel-patterns-166042#:~:text=Typically%2C%20channel%20patterns%20occur%20when,resistance%20and%20connect%20swing%20lows." target="_blank" rel="noopener noreferrer nofollow">parallel channel pattern</a> dating back to the 2017 bull market high. This pattern connects significant market peaks from 2017 and 2021 and suggests a <a href="https://captainaltcoin.com/expert-insists-bitcoin-is-going-beyond-130000-soon-despite-ongoing-btc-price-dip/" target="_blank" rel="noopener noreferrer nofollow">potential path for Bitcoin’s future movements. </a></p>
<p>The crypto analyst predicts that after a pullback to support levels around $91,000-$92,000, Bitcoin could break through $100,000. This could then cause a spike to $107,000-$108,000, followed by a correction to $74,000-$75,000.</p>
<p><em><strong>Read Also: <a href="https://captainaltcoin.com/polygon-whales-go-on-a-massive-buying-spree-will-pol-price-pump/" target="_blank" rel="noopener noreferrer nofollow">Polygon Whales Go On a Massive Buying Spree – Will POL Price Pump?</a></strong></em></p>
<figure class="wp-block-embed is-type-rich is-provider-embed-handler wp-block-embed-embed-handler wp-embed-aspect-16-9 wp-has-aspect-ratio">
 <div class="wp-block-embed__wrapper"><iframe loading="lazy" title="Crypto Veteran Reveals REAL Bitcoin Price Prediction for 2025 | Gareth Soloway" width="840" height="473" src="https://www.youtube.com/embed/kbEeiVLmCLU?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
 </div>
</figure>
<h2 class="wp-block-heading" id="potential-path-for-ethereum-eth-price">Potential Path for Ethereum (ETH) Price</h2>
<p>Regarding Ethereum, the analyst outlines key resistance levels at $3,700. He suggests that if this threshold is breached, the cryptocurrency could potentially target the $4,100 level. Following this, it could retest its previous all-time highs of $4,800. However, Soloway emphasizes that clearing the $3,500-$3,700 range is crucial for this scenario to unfold.</p>
<p>The crypto veteran’s analysis combines technical patterns with market psychology, particularly noting how recent market behavior near the $99,000 level has influenced trader sentiment and position-taking.</p>
<p><em><strong>Follow us on <a href="https://x.com/CaptainAltcoin_" target="_blank" rel="noopener noreferrer nofollow">X (Twitter)</a>, <a href="https://coinmarketcap.com/community/profile/CaptainAltcoin/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap </a>and <a href="https://www.binance.com/en/square/profile/captainaltcoin" target="_blank" rel="noopener noreferrer nofollow">Binance Square</a> for more daily crypto updates.<br>Get all our future calls by joining our <a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/etoro-ca-1-oyc386si1bdrmhrff7xex5ngu4zikfy3ei6bk0rbb6.png" width="500" alt="We recommend eToro" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-etoro-target-_blank-rel-noopener-noreferrer-nofollow-span-we-recommend-etoro-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <span>We recommend eToro</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20"><strong>Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. <a href="https://www.etoro.com/customer-service/terms-conditions/trading-restriction/" target="_blank" rel="noopener noreferrer nofollow">Take 2 mins to learn more</a></strong>
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> Visit eToro Now </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Active user community and social features like news feeds, chats for specific coins available for trading. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Copy trading: allows users to copy the trades of leading traders, for free. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/crypto-veteran-reveals-real-bitcoin-btc-price-prediction-for-2025/" rel="noopener noreferrer nofollow">Crypto Veteran Reveals Real Bitcoin (BTC) Price Prediction for 2025</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Crypto Veteran Reveals Real Bitcoin (BTC) Price Prediction for 2025

Table of Contents

CaptainAltcoin

Other articles published on Nov 28, 2024

Is Shiba Inu Preparing for a Bullish Run or Falling Weak?

Best Cryptos to Buy This Week—Secure 900% ROI in Qubetics Before the Next 10% Hike as Solana Targ...

Ripple's XRP Approaches $2, Dogecoin Gets First Exchange-Trade, And Top Crypto Traders Add New Tr...

Celsius Creditors Recover 60% After $127M Bitcoin, USD Second Payout

Former Revolut Employees Raise $2.3M for Bleap, a Blockchain-Banking Integration

VET Price Outlook: Is $0.037 the Key to a VeChain Recovery?

Join our free newsletter for daily crypto updates!