Bitcoin Gets New $80,000 Target for August

TechFlow reports, July 16, according to Cointelegraph, analyst Michaël van de Poppe predicts that after Bitcoin holds the key support at $61,000, it is expected to rebound to $68,000 in the next 1-2 weeks, and may further test the $75,000 to $80,000 range in August.

CoinGlass data shows that there is significant whale order resistance in the $67,000 and above region, with support levels concentrated between $63,500 and $63,800. Some traders remain cautious; QCP Capital points out that the crypto market still needs macro catalysts and investor confidence to drive it.