Bitcoin Analysts Split Over Next Move as $68K Rally vs Correction Looms

As Bitcoin continues to trade around key resistance levels, market analysts are divided on its next move. Michaël van de Poppe believes the cryptocurrency has flipped moving averages into support and expects it to reach $68,000 within one to two weeks. If momentum continues, he predicts a move toward $75,000-$80,000 in August.

Ali Martinez says Bitcoin's next move depends on whether it can break above its trading channel at $64,700. Above this level, targets open at $66,400 and then $68,000, while failure to break through could result in a fall back to $63,000 or even $61,500.

Kalshi traders are leaning bullish, with the platform currently pricing in Bitcoin reaching around $68,000 before the end of the month. Crypto Tony is also staying bullish unless the $61,100 level breaks and holds as resistance.