Bitcoin May Hit $80K in August if Key Levels Hold

Trader Michaël van de Poppe posted on X that Bitcoin could reach $68,000 within one to two weeks and climb to $75,000–$80,000 in August if the $61,000 area holds and nearby resistance is overcome.

Van de Poppe pointed to moving averages that have shifted from resistance into support, and set an immediate target of $68,000 with a follow-up range of $75,000–$80,000 for August if price moves higher.

Order-book and on-chain monitors identified liquidity clustered around $67,000 and above as a potential obstacle for a breakout. Primary support was noted near $63,500–$63,800, areas where large buy orders are concentrated and could affect price momentum.

Market research from QCP Capital said a macro catalyst-such as U.S. inflation data or stronger corporate earnings-could redirect capital into assets that have lagged equities. U.S. inflation data released Tuesday came in below expectations and coincided with Bitcoin moving to the mid-$60,000 range. QCP wrote, “Should this week’s macro data and earnings continue to validate the bullish narrative, improving risk sentiment could spill over into digital assets as investors rotate into markets that have lagged the broader equity rally.”

Some market participants voiced caution. Commentator Exitpump warned that recent gains might be a short-lived spike and could result in a failed auction above a perceived value area. Analyst Rekt Capital cautioned that July strength could reverse in August if historical patterns repeat.

Trading metrics showed declining spot-market volume during the latest advance, a condition traders monitor because lower volume can make moves less reliable. Large orders from whales remain under observation; execution or withdrawal of those orders near the identified liquidity bands could amplify either a breakout or a pullback.

Bitcoin has traded in a wide range since last year’s highs. Short-term price action continues to react to U.S. macro releases and expectations for Federal Reserve policy, and traders are using moving averages, order-book liquidity and the economic calendar to set targets and risk levels.