Analyst: BTC bottom unconfirmed until weekly close above $85K

It is difficult to predict a bottom for Bitcoin (BTC) until the asset secures $85,000 as a support level, according to an analysis reported by The Daily Hodl. Crypto analyst Cheds Trading stated on his YouTube channel that while BTC appears to be breaking out from a W-shaped double bottom pattern during its rebound, resistance still remains. He argued that a bottom can only be confirmed if BTC surpasses $85,000 on a weekly closing basis. The analyst also presented a bearish view on Solana (SOL), describing its recent price action as a rebound to a resistance level within a downtrend. Furthermore, he projected that Ethereum (ETH) could experience a major correction if its $2,150 support level is breached.