Bitcoin, Ethereum and XRP Price Analysis: What’s Coming Next?
The post Bitcoin, Ethereum and XRP Price Analysis: What’s Coming Next? appeared on BitcoinEthereumNews.com. The post Bitcoin, Ethereum and XRP Price Analysis: What’s Coming Next? appeared first on Coinpedia Fintech News Bitcoin continues trading within a well-defined parallel channel, repeatedly testing the upper boundary around $82,000 to $86,000 and facing consistent rejection. The technical concern is a bear flag formation developing since the drop from the $126,000 all-time high. Analyst Gareth Soloway, who identified this resistance zone months ago, said the market has reached his target but has not broken through convincingly. The 61.8% Fibonacci retracement of the full decline sits directly at current resistance, which he described as the line in the sand. A sustained move above it opens a test of $86,000 to $87,000. Failure keeps the bear flag intact with downside risk toward prior lows. The probability of a downside resolution remains above 50% but has diminished as the flag p