Pete Rizzo, a Bitcoin historian and editor, reported investor Gareth Soloway's bullish outlook for Bitcoin on Monday, October 19, 2026. Rizzo's post on X highlighted Soloway's view that Bitcoin could be on the cusp of a significant price movement. According to Rizzo, Soloway stated, "IF WE TAKE A TREND LINE AND STRETCH IT OUT, IT IS INCHING HIGHER AND HIGHER" and "IF WE START TO BREAK OUT, THERE IS SIGNIFICANT UPSIDE". Soloway suggested this breakout could occur "JUST WEEKS AWAY FROM A BREAKOUT TO $100,000." Rizzo concluded that "BEARS ARE TURNING BULLISH HERE WE GO."
This market call comes as major players continue to show interest in digital assets. Recent Gokhshtein Media coverage noted Michael Saylor's ongoing Bitcoin acquisitions, with MicroStrategy's holdings reaching $69.45 billion. Another report highlighted Saylor's expectation of a Bitcoin bull run driven by institutional custody. The Crypto Fear & Greed Index currently sits at 59, indicating a 'Greed' sentiment among investors, suggesting underlying optimism in the market.
Soloway's technical analysis, as relayed by Rizzo, implies that Bitcoin's chart patterns are signaling an imminent upward trajectory. Investors may watch for a decisive move above key resistance levels that could confirm the breakout. If the trend line continues to strengthen and a breakout occurs, Soloway's view suggests substantial upside potential, potentially shifting broader market sentiment from cautious to strongly bullish. This could attract further capital into the digital asset space.
