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BTC Summary of Bitcoin Price Forecasts: Analysts 'Views Divide
As Bitcoin continues to fluctuate near key resistance levels, market analysts have obvious differences on the direction of the market outlook. Some traders expect prices to rebound to the $67,000 to $70,000 range in the next one to two weeks, but others warn that the market could usher in a new round of correction if important support levels are lost. The following is a summary of the major recent forecasts.
Michaël van de Poppe: It is expected to rise to US$68,000 by August
Crypto analyst Michaël van de Poppe pointed out that Bitcoin has converted its key moving average into support and held the important US$61,000 barrier. "It is expected to rebound to $68,000 in the next one to two weeks," he said. If momentum continues, August may further explore the $75,000 to $80,000 range.
Ali Martinez: US$64,700 is the decisive position
Analyst Ali Martinez believes that Bitcoin's next step depends on whether it can break through US$64,700 on the upper edge of the trading channel. According to his analysis: If you successfully break through US$64,700, the upside targets are US$66,400 and US$68,000; if you are blocked at the resistance level, you may fall back to US$63,000 or even US$61,500. He advised traders to focus on the key breakthrough level of $64,700.
Kalshi traders: Market bets hit $68,000 this month
Traders on forecasting market platform Kalshi are also bullish. Current data from the platform shows that the market expects Bitcoin to reach approximately US$68,000 by the end of this month, reflecting investors 'growing confidence that the current support level is solid and the rebound continues.
Crypto Tony: Hold on to US$61,100 and continue to be bullish
Analyst Crypto Tony said that Bitcoin may still be in the adjustment B wave stage, but he has not yet turned bearish. He said that as long as Bitcoin can stay above $61,100, he will remain bullish. If the level falls below and turns into resistance, he will consider shorting. Otherwise, he expects a price target of between $67,000 and $70,000 in the coming weeks.
Ted Pillows: Focus on the daily closing of US$65,000
Analyst Ted Pillows pointed out that Bitcoin briefly tried to recover US$65,000 but failed. He believes that if the daily line closes firmly above US$65,000, the price is likely to quickly move towards US$67,500 to US$68,000, so this position is one of the most important resistance levels in the short term.
That Martini Guy: Liquidity points to US$65,700
Trader That Martini Guy believes that Bitcoin's next move may be driven by liquidity. He observed that the $65,500 to $65,700 range was crowded with a large number of short and open orders, and this type of liquidity pool often acted as a magnet to attract prices when market momentum builds. If the bulls can hold on to US$64,000, Bitcoin is expected to rush into the short position area; if it loses US$64,000, the lower target will drop to US$63,000.
Daan Crypto Trades: US$70,000 is the next target
Analyst Daan Crypto Trades said Bitcoin needs to hold on to current support areas to maintain bullish momentum. Once the price breaks through $65,600 and $67,200, a stronger rebound may be triggered, and above $70,000 will become the next major target.
Peter Schiff: Insist on a bearish stance
Peter Schiff, a long-term bearish commentator on Bitcoin, is not impressed by the recent rebound. He believes that while many people regret not buying Bitcoin at low prices, investors may eventually regret not being able to sell above $60,000. Although Bitcoin has shown resilience, he maintains a consistently bearish view.
