- Bitcoin is trading near $108,000 and may rise to $120,000, retest possible.
- Solana price dropped below $196 after Hong Kong ETF approval and may dip to $150.
- Ethereum holds $3600 support with strong adoption and may outperform Bitcoin soon.
The crypto market is steady this week after a brief rally earlier in October. Bitcoin is trading sideways, Ethereum is holding firm near support, and Solana is adjusting to new ETF-related shifts. If Bitcoin holds steady, money might soon shift into altcoins such as Ethereum, Solana, and others. The next two months may bring sideways action, followed by a new bullish rally.
Bitcoin price today: $108K range, $120K reaction zone, $97K risk
Bitcoin has traded quietly since its October 6 top near $126,000. Analyst DataDash is now watching a Gartley pattern, a harmonic setup that points to a short-term rise toward $120,000.
This pattern formed after Bitcoin pulled back to the 88.6% Fibonacci level around October 17. That level has held as support. Past cycles show similar timing between impulse moves, meaning the next reaction could come by early November.
Still, the analyst expects a retest near $97,000 before Bitcoin starts a longer rally. The coin trades near $108,000, where sentiment is split between another leg down and a push back to the top of the range.
Related: Bitcoin Exchange Outflows Rise As Former White House Advisor Says Sellers Will Regret
Gold and Bitcoin: Building Toward 2026
Gold and Bitcoin may both rise into 2026. Analysts see gold reaching $5,000 an ounce if it holds above $3,600. For Bitcoin, the long-term chart supports a climb into the $160,000 to $200,000 range.
Both assets could benefit from a period of consolidation through the end of this year. The view is that 2026 could bring a new wave of strength across traditional and digital stores of value.
Solana after Hong Kong SOL ETF: sub-$196 now, $150 buy-zone call on dips
Solana made headlines after Hong Kong approved its first spot ETF, which pays 6–7% yield to holders. Yet the price has weakened, slipping below the key $196 level that had supported the uptrend.
Falling below that mark may lead to a short dip toward $150, which the expert sees as a better entry zone. Despite this pullback, Solana could recover to $274 or $323 by year-end if broader sentiment improves.
The token trades near $184 with money still flowing out of Solana-based funds.
Ethereum support and adoption: $3,600 holds as $5,600 to $7,000 caps loom
Ethereum’s fundamentals are improving even as the price stays flat. Shopify, Stripe, and Walmart are integrating Ethereum payments. Robinhood is adding support for Arbitrum, and VanEck is preparing an ETF for staked ETH.
Even with these developments, ETH has stayed near $3,600. Big news often comes before short pauses. Ethereum’s long-term chart remains solid, with the next clear resistance at $5,600 and $7,000.
The analyst expects ETH to outperform Bitcoin through 2026, targeting a BTC ratio of 0.06, a sign of relative strength ahead.
Related: Ethereum Price Prediction: ETF Flows Support ETH But CPI Risk Keeps Traders Cautious
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