Bitcoin Price Forecast for July: Analysts Split on Whether BTC Will Break Above $70K or Face a Deeper Correction
Bitcoin Remains at a Critical Level as Analysts Are Split on Its Next Move
Bitcoin (BTC) continues to trade near a key resistance level, leaving analysts divided over its next price direction. Some expect BTC to rally to the $67,000–$70,000 range within the next one to two weeks, while others warn that failing to hold major support could lead to another correction.
Here is a roundup of the latest forecasts from several market analysts.
Michaël van de Poppe: Bitcoin Could Rally to $68,000 Before Extending Higher
Crypto analyst Michaël van de Poppe believes Bitcoin has successfully turned several key moving averages into support and continues to hold above the critical $61,000 level.
According to him, Bitcoin could climb to $68,000 within the next one to two weeks. If bullish momentum continues, BTC may advance further toward the $75,000–$80,000 range in August.
“I’m expecting to see a rally to $68,000 in the next one to two weeks,” said van de Poppe.
Ali Martinez: $64,700 Is the Key Breakout Level
Analyst Ali Martinez says Bitcoin’s next move will depend on whether it can break above the upper boundary of its trading channel at $64,700.
He considers this level the key breakout point that traders should closely monitor.
Kalshi Traders Expect Bitcoin to Reach $68,000 This Month
Bullish sentiment is also evident on prediction market platform Kalshi.
Traders on the platform currently expect Bitcoin to reach around $68,000 before the end of the month, reflecting growing confidence that BTC can extend its recovery as long as current support levels hold.
Crypto Tony: Bullish as Long as $61,100 Holds
Analyst Crypto Tony remains bullish on Bitcoin. However, he emphasized that the positive outlook depends on BTC staying above the $61,100 support level.
Ted Pillows: A Close Above $65,000 Is Crucial
Analyst Ted Pillows noted that Bitcoin briefly attempted to reclaim the $65,000 level but failed.
According to him, a daily close above $65,000 could trigger a quick rally toward $67,500–$68,000, making it one of the most important short-term resistance levels.
That Martini Guy: Liquidity Suggests a Move Toward $65,700
Trader That Martini Guy believes Bitcoin’s next move could be driven by market liquidity.
Based on his analysis, liquidity levels point to a potential move toward $65,700.
Daan Crypto Trades Targets Above $70,000
Analyst Daan Crypto Trades says Bitcoin must continue holding its current support zone to maintain bullish momentum.
If BTC breaks above $65,600 and then clears $67,200, he expects a stronger rally that could push the price above $70,000.
Peter Schiff Remains Bearish
Meanwhile, long-time Bitcoin critic Peter Schiff continues to maintain his bearish stance.
Schiff argues that while many investors regret not buying Bitcoin earlier, they may eventually regret not selling their holdings when BTC was still trading above $60,000. Despite Bitcoin’s recent resilience, he remains pessimistic about its long-term outlook.
