Bitcoin Analysts Split on Next Move as Solana, XRP Shine

Crypto market analysts remain divided over Bitcoin's next major move, with some predicting another sharp correction and others believing the worst of the downturn has already passed.

Solana, XRP, and Ethereum are drawing attention from traders as they break out and show fresh technical buy signals. Analysts see recovery potential in select Solana memecoins despite steep declines from their previous all-time highs.

Bitcoin analyst Aralez believes the asset could first rally to fill a fair value gap between $68,000 and $69,000 before entering what he describes as its final capitulation phase. Under his roadmap, Bitcoin would spend about two weeks trading sideways, break below $58,000, fall toward $48,000, and eventually retest the $40,000-$44,000 range.

However, not all analysts agree with Aralez's assessment. Market analyst Ted Pillows pointed to Binance order book data showing heavy sell liquidity between $62,000 and $65,000. He also identified strong buy support around $55,000-$57,000.