Bitcoin’s Wild Ride: $35K or Bust? Analyst Says “Hold My Whiskey!”

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Well, butter my biscuit and call me a prognosticator, but ol’ Gareth Soloway, a fella who’s seen more market twists than a barrel of pretzels, has been jawin’ about Bitcoin’s future. Seems he’s cooked up a stew of possibilities, and let me tell you, it’s spicier than a jalapeño in July. If the financial world goes kerflooey, he reckons Bitcoin might take a header sharper than a riverboat gambler’s luck, landing smack dab at $35,000. Lordy, that’s enough to make a man spill his sarsaparilla.

In his latest yarn, Soloway reckons Bitcoin’s sittin’ pretty on a price perch, showin’ more backbone than a mule in a mud pit, while them U.S. stocks are wobblier than a three-legged stool. He figures the stocks’ll keep their pants in a twist for months, but some of that fancy capital might just mosey on over to Bitcoin, keepin’ it from takin’ a nosedive in the short haul.

Bitcoin’s Stickin’ Like a Burr

Now, Soloway says Bitcoin took a little tumble lately, but it scrambled back up like a cat on a hot tin roof, closin’ above them chart levels that matter. That, he says, means buyers are still kickin’ around, sniffin’ for a deal like hogs after truffles.

The $73,000-$74,000 mark’s been a hot potato, a real breakout point, and Bitcoin’s been bouncin’ off it like a superball on a marble floor. So, Soloway figures it might just hitch up its britches and bounce again, even if the market’s still got more troubles than a tomcat in a dog pound.

Bounce Like a Rubber Check at $85,000-$86,000

But hold your horses, ’cause if Bitcoin does take a leap, Soloway expects the sellers to come out swingin’ like a pack of wildcats around $85,000 to $86,000. That’s where it used to find its feet before it tripped and fell, and now it’s likely to put a lid on things quicker than a mason jar on a pickle.

He’s quick to point out, though, that a bounce up there don’t mean the fat lady’s sung. No sir, it might just be the overture to another round of blues.

Base Case: $55,000, or Thereabouts

Lookin’ down the road a piece, Soloway’s base case-that’s his “ain’t-too-bad” scenario-figures Bitcoin’ll drop like a rock in a pond, but not a boulder. He’s lookin’ at history, where Bitcoin’s taken a 20% haircut below its last high-water mark. If you do the math on that $69,000 peak from 2021, you’re lookin’ at a stroll down to $55,000.

He says that’s where the old-timers were tradin’ it, and it might just hold steady if the market don’t go completely haywire. Soloway’s even thinkin’ about fillin’ his pockets if it dips into the $55,000-$65,000 range. That’s a man who likes his bargains.

Worst-Case: $35,000, or the Financial Sky Falls

Now, if the whole kit and caboodle goes south-we’re talkin’ equities losin’ their shirts, 30% to 50%-Soloway says Bitcoin’s chart’s got a head-and-shoulders pattern that’s uglier than a mud fence. If that plays out, we’re lookin’ at a tumble to $34,000-$35,000. That’s enough to make a grown man weep into his beard.

But don’t go sellin’ the farm just yet. Soloway says this here’s the long shot, the kind of thing that only happens when the market’s in a real pickle. So, keep your wits about you, and maybe stash a little whiskey for the ride.

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2026-02-05 20:57