Crypto Price Levels That Matter

Video: Bitcoin Came THIS Close to Breaking Down: $97K Next?

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Oct 20, 2026 · based on the channel Gareth Soloway

Bitcoin is still trading inside a roughly $6,000 range, and the two lines that define it are $81,000 on the downside and $87,200 on the upside. The market flushed to about $79,750 before closing back above support, so the bullish structure has not broken — but nothing on the upside counts until price closes above $87,200. Traders who want tier-one fee pricing on the exchange used for these charts can register through Gareth's Coinbase referral link.

Why the $81,000 support test matters more than the flush

The first thing to understand about this crypto setup is that the intraday wick to $79,750 was not a breakdown — the daily close is what counts. Bitcoin has now hammered the $81,000 line repeatedly and recovered each time, which keeps the bullish structure technically intact even while the broader risk backdrop deteriorates.

That resilience is the interesting part. The AI trade and the Nasdaq have been sliding, and crypto has historically been the highest-beta asset in the room during risk-off moves. Holding a major support level while equities weaken is a relative-strength signal, not a reason to celebrate, but it does explain why the range has not resolved lower yet.

The three upside factors converging at $95,000 to $97,000

Above $87,200, three independent technical factors line up in the same $95,000-$97,000 area, which is why that zone is the realistic target rather than a round-number guess.

1. A rising trend line off the consolidation structure, which projects into roughly the $91,000 area and climbs toward $95,000 as time passes — potentially by late November if price holds above the trigger.
2. A measured move off the consolidation range, which projects $96,000 to $97,000.
3. The prior pivot highs, which sit in the same band and confirm the confluence rather than contradict it.

Confluence of this kind is what separates a tradeable target from a hopeful one. The trend line, the measured move and the old pivots are three separate methods pointing at one price band, and that band only becomes live after a daily close above $87,200.

The bear case: what a close below $81,000 opens up

A daily close below $81,000 changes the plan immediately, and the next level down is $75,500. That is not a level to back up the truck at — it is a level to start with a partial position of roughly 25%, keeping the majority of capital dry for a deeper flush.

The zone where the rest of the position gets loaded sits near $67,000. The logic is straightforward: if the range breaks, the measured move lower targets that area, and buying in stages protects against being fully committed at the first support that fails. Anyone who has watched a support level break and then given back the entire gain knows why staging entries matters more than being early.

Why there is no swing position in Bitcoin right now

Sitting in the middle of a $6,000 range is the worst place to force a trade, which is why the approach here is no swing position — long or short — until the market picks a side. A move that is roughly 3% from either trigger offers poor reward relative to the risk of getting chopped up by noise.

This is not a bearish call. It is a statement that the risk-reward is not there yet. The cycle low is treated as in place until proven otherwise, but belief in a thesis is not the same as an entry signal, and the two get confused constantly in crypto trading.

Ethereum and HBAR: the altcoin setups on the same map

Ethereum is range-bound with two clear reference points: a heavy buy zone just below $2,000 and a $2,800 retest if price breaks out. The sub-$2,000 area is where demand previously appeared, which makes it the logical place to scale in rather than chase strength in the middle of the range.

HBAR offered a swing trade on a retrace to the scene of the crime — the level where price previously broke down — with a target near $0.10. That pattern works because the old breakdown point becomes resistance-turned-support, giving a defined invalidation level close to the entry.

Common questions from traders about this setup

Viewers regularly ask how to actually short bitcoin or altcoins on an exchange like Coinbase, and the honest answer is that spot platforms are not built for it — shorting requires margin or futures products, which carry their own liquidation risk and are not available in every jurisdiction. If a short is not executable on your platform, the alternative is to sit flat and wait for the range to resolve.

Another recurring theme is cost. Several traders point out that exchange fees and spreads eat into returns, which is exactly why the referral offer in this video focuses on tier-one fee pricing — accounts that have been idle for 30 days qualify, and so do viewers who originally signed up under someone else's link.

The most useful comment in the thread is also the simplest: many people do not have a game plan because they do not know enough to build one. That is the real edge. A written plan — trigger level, entry size, invalidation, target — removes emotion from the decision and prevents the whipsaw that comes from reacting to every candle.

Useful links

• Coinbase tier-one fee pricing via the Verified Investing referral
• Verified Investing

Bottom line

The crypto market is being decided by two numbers: $81,000 and $87,200. Holding support after a flush to $79,750 keeps the bullish structure alive, but the $95,000-$97,000 confluence only activates on a daily close above $87,200, while a close below $81,000 opens $75,500 and then the $67,000 zone where the bulk of a position would be built. Ethereum's sub-$2,000 buy zone and HBAR's retrace trade follow the same discipline of defined levels and staged entries. This breakdown comes from the channel Gareth Soloway, whose chart work on Coinbase frames the plan; if you want the same fee tier used in the video, start through the Coinbase referral link.

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