Bitcoin analysts are split on near-term direction as several popular traders highlight a potential push toward $80,000 while others warn that macro risks and technical signals still point lower.
Analyst flags February trend, eyes $80K–$84K
Crypto analyst Jordan said on X that Bitcoin could extend its rebound toward $80,000 in the short term, citing a bullish trend he tracks back to February, when BTC printed a local low around $60,000. Since then, Bitcoin has rallied as high as $76,000, with Jordan noting that the price has repeatedly bounced after testing support in the lower $60,000 range.
He added that holding those levels could open a momentum move toward what he describes as an $80,000–$84,000 “CME gap” — an unfilled price range on CME Bitcoin futures that some traders watch as potential magnets for price action. Jordan also pointed out that BTC has remained above key supports despite heightened geopolitical tensions involving Iran and the United States.
Short-term upside target meets cautious positioning
Another analyst, Doctor Profit, said he sees a “high medium” probability that Bitcoin revisits the $79,000–$84,000 zone and would look to open new short positions there if reached. He cautioned that, given current geopolitical risks, the risk-reward for new long positions is not compelling. He reiterated his view that Bitcoin remains in a broader bear phase and suggested short targets below $50,000 if the market weakens.
Technical watch: two-month stochastic RSI
Analyst CrypFlow argued that it may be premature to buy, pointing to the two-month stochastic RSI — a momentum indicator — which he says has historically marked compelling cycle entries only after a bullish cross follows a deep reset below 20. According to CrypFlow, that signal helped identify early stages of bull runs in 2015, 2019, and 2023, but has not yet triggered in the current cycle, implying the possibility of further downside before a durable trend shift.
Market snapshot
At the time of writing, Bitcoin is trading around $66,800, up over the past 24 hours, according to CoinMarketCap data. Traders are watching whether support in the low $60,000s can continue to hold and if any approach toward the $80,000 area meets heavy supply.