Bitcoin: Holds $61,000 as Analyst Targets $80,000

Bitcoin holds the $61,000 level while flipping key moving averages into support, according to Michaël van de Poppe. The analyst projects a move to $68,000 within one to two weeks and further gains toward $75,000-80,000 in August.

Price action on the 4h chart shows BTC trading at $64,826.28 inside the Bollinger Bands with the upper resistance at $65,560.78. The EMA50 at $63,451.99 and EMA200 at $63,727.39 act as stacked support beneath current levels, while the MACD golden cross at 314.49 confirms trend strength and RSI at 61.89 leaves room before overbought conditions.