Bitcoin Aims for $80,000: Analysts Predict Break Above $120,000 Next Year and $300,000 by 2030
- Key Takeaway: Bitcoin rebounded sharply from approximately $63,000 to $75,401 within 48 hours, triggering a rare upside move of 5.8 standard deviations, prompting analyst Pierre Rochard to reiterate his bullish roadmap: a target of $80,000 in 2026, a breakout above $120,000 next year, and a sight set on $300,000 by 2030. The short-term momentum is driven by short liquidations, but whether it can translate into sustained spot demand remains the key.
- Key Elements:
- Price and Volatility: Bitcoin climbed from the $63,000 range to $75,401, forming higher highs and higher lows; according to Glassnode data, this upside move represented 5.8 standard deviations of 30-day volatility, the largest upside move since October 2023.
- Liquidation-Driven: According to reports, approximately $1.4 billion to $1.7 billion in crypto short positions were liquidated during the Bitcoin and Ethereum surge, clearing bearish leverage and accelerating the rebound.
- Analyst Forecast: Pierre Rochard expects Bitcoin to close 2026 at around $80,000, break above $120,000 next year, and reach $300,000 by 2030; key variables include the macro impact of Fed rate cuts and AI-driven productivity gains lowering inflation.
- Technical Resistance: Onchain Insights noted that Bitcoin has broken above the annual downward trendline resistance, returning to the $70,000 range; whale sell walls are positioned at $74,000 and $80,000, with limited short-side resistance before the $80,000 level.
- Market Expectations: On Polymarket, the probability of Bitcoin reaching $80,000 in August has risen to 13%, up 9 percentage points within 6 hours; it would need to rise approximately 14% from $71,000 to reach the target.
- External Support: SkyBridge Capital CEO Anthony Scaramucci anticipates Bitcoin breaking above $100,000, based on the halving cycle and reduced new supply.
Original Author: Debashree Patra
Original Translation: TechFlow
TechFlow Intro: Bitcoin has rebounded strongly from around $63,000 to $75,401, completing a 5.8 standard deviation upward move within 48 hours, prompting analyst Pierre Rochard to reiterate his bullish roadmap — reaching $80,000 in 2026, surpassing $120,000 next year, and targeting $300,000 by 2030. In the short term, short liquidations and a breakout above the descending trendline provide momentum, but whether this leverage-driven surge can be converted into sustained spot demand will determine if the larger targets are realistic.
Pierre Rochard's $80K to $300K Roadmap
Analyst Pierre Rochard (BitcoinPierre) expects Bitcoin to close around $80,000 in 2026. He believes Bitcoin is not yet ready for a "parabolic advance," but could break above $120,000 next year. Looking further ahead, he predicts Bitcoin could reach $300,000 by 2030.
The key variable in this forecast lies with the Federal Reserve and the broader macroeconomic environment. Rochard believes that if the economy weakens enough to allow the Fed to cut rates without reigniting inflation, Bitcoin will benefit from improved liquidity. He also points out that artificial intelligence (AI) could improve the macro outlook by boosting productivity and suppressing inflation. In that scenario, rate cuts would create a more favorable environment for risk assets like Bitcoin.
Focus Returns to the $80K Target
Bitcoin's latest price action has shown signs of regaining momentum. BTC has climbed from approximately $63,000 to $75,401 in under 48 hours. This follows buyers successfully defending the $63,000 level. Notably, Bitcoin has formed higher highs and higher lows.
This rally has been partly accelerated by large-scale short liquidations. Reports indicate that approximately $1.4 billion to $1.7 billion in crypto short positions were liquidated as Bitcoin and Ethereum surged, clearing out bearish leverage.
Glassnode highlighted the unusual magnitude of this move. They noted that Bitcoin's jump from around $75,401 represented a 5.8 standard deviation (5.8 sigma) move relative to its 30-day volatility — the largest upward volatility event since October 2023.
The last time Bitcoin's daily close was this large was in February, but that was just a bounce from a -14% crash the previous day. This time there was no crash to bounce from — it's a 5.8 sigma move relative to its own 30-day volatility, the largest upward volatility since October 2023.
— Glassnode (@glassnode)
However, liquidations alone do not confirm sustainable spot demand.
On-chain analyst Onchain Insights states that Bitcoin has broken above its yearly descending trendline resistance and climbed back into the $70,000 range. If it can sustain closes above this structural resistance, it may signal weakening selling pressure and further upward momentum.
Another analyst also notes that there is limited short resistance before $80,000, making it a significant near-term target.
BTC whale sell walls exist at $74,000 and $80,000. The gap between these resistance levels is very wide.
— CW (@CW8900)
On Polymarket, the probability of Bitcoin reaching $80,000 in August has risen to 13%, up 9 percentage points within 6 hours. BTC would need to rally approximately 14% from $71,000 to reach $80,000.
Can It Return to $120K?
Rochard expects that if the macro environment turns favorable, Bitcoin could easily break above $120,000 next year. His long-term target of $300,000 by 2030 reflects a broader bullish thesis centered on liquidity, supply, and adoption.
His view is also supported by SkyBridge Capital CEO Anthony Scaramucci, who anticipates Bitcoin breaking above $100,000. He cites the halving cycle and reduced new supply as justification.
For now, $80,000 is the critical near-term milestone. Whether Bitcoin can convert this leverage-driven surge into sustained spot demand will determine how realistic Pierre Rochard's more ambitious targets of $120,000 and even $300,000 truly are.
