Senior trader Gareth Soloway (Gareth Soloway) believes that the short-term rebound in cryptocurrencies will continue, with Bitcoin potentially reaching $80,000 to $85,000 before pulling back to $50,000. He pointed out that the market is currently showing a bullish consolidation pattern, and negative sentiment is driving short squeeze. If Ethereum breaks through $2000, it could rise by 27% to 35%, with a target price of $2600 to $2800; while Ripple (XRP) needs to regain stability above $2 to see a significant increase. He also warned that this might just be a rebound rather than the start of a new bull market.