Breakout Founder Sees Bitcoin Sideways at $110K–$120K, Recommends SOL Long at $190
Breakout’s founder Mayne expects Bitcoin trading to rebound but remain sideways within the $110,000–$120,000 range, provided it does not fully revisit its prior peak. Bitcoin’s consolidation phase comes alongside key technical cues in the Ethereum ecosystem: SOL/ETH is holding a critical monthly support level, ETH/BTC has broken past recent highs, and ETH/USD shows a weekly liquidity sweep. Based on this analysis, Mayne plans to go long SOL/USD on price dips, with $190 marked as a strategic entry point. Traders should watch these support and resistance zones for potential breakout or reversal opportunities.
Neutral
Mayne’s forecast of a $110K–$120K Bitcoin trading range indicates a consolidation phase rather than a clear breakout or breakdown. Range-bound markets typically lead traders to adopt short-term strategies around support and resistance levels, reducing directional bias. The bullish stance on SOL dips at $190 suggests selective opportunity rather than broad market strength. Historically, Bitcoin’s sideways corrections have prefaced significant moves only after macro catalysts emerge. In the short term, expect low volatility and range trading; in the long term, market direction will hinge on fundamental drivers like ETF approvals, macro data, and network upgrades.