Bitcoin aims for $80,000: Analysts predict it will break $120,000 next year and reach $300,000 by 2030.

Original author: Debashree Patra

Original article translated by: Deep Tide TechFlow

Deep Dive: Bitcoin rebounded strongly from around $63,000 to $75,401, completing a 5.8 standard deviation upward move within 48 hours. This prompted analyst Pierre Rochard to reiterate his bullish roadmap—reaching $80,000 in 2026, breaking $120,000 next year, and aiming for $300,000 by 2030. In the short term, short liquidation and a break of the downtrend line provided momentum, but whether the leveraged surge can be converted into sustained spot demand will determine whether the larger targets are realistic.

Pierre Rochard's $80,000 to $300,000 Roadmap

Analyst Pierre Rochard (Bitcoin Pierre) predicts Bitcoin will close around $80,000 in 2026. He believes Bitcoin is not yet ready for a "parabolic rise," but could break $120,000 next year. Looking further ahead, he predicts Bitcoin could reach $300,000 by 2030.

The key variables in this prediction lie with the Federal Reserve and the broader macroeconomic environment. Rochard believes that if the economy is weak enough for the Fed to cut interest rates without reigniting inflation, Bitcoin would benefit from improved liquidity. He also points out that artificial intelligence (AI) could improve the macroeconomic outlook by increasing productivity and suppressing inflation. In that scenario, rate cuts would create a more favorable environment for risk assets like Bitcoin.

Refocusing on the $80,000 target

Bitcoin's latest price action shows signs of renewed momentum. BTC climbed from approximately $63,000 to $75,401 in less than 48 hours. Buyers successfully defended the $63,000 area. Notably, Bitcoin formed both higher highs and higher lows.

This rally was partly driven by a massive short-covering spree. Reports indicate that approximately $1.4 billion to $1.7 billion in short positions in cryptocurrencies were liquidated as Bitcoin and Ethereum surged, clearing out bearish leverage.

Glassnode pointed out the unusual scale of this volatility. They stated that Bitcoin's jump from approximately $75,401 was a fluctuation of 5.8 standard deviations (5.8 sigma) relative to its 30-day volatility—the largest upward movement since October 2023.

The last time Bitcoin's daily closing volume was this large was in February, which was merely a rebound after a 14% plunge the previous day. This time, however, there was no crash to allow for a rebound—this is a 5.8 standard deviation fluctuation relative to its own 30-day volatility, the largest upward movement since October 2023.

—Glassnode (@glassnode)

However, liquidation alone cannot confirm the existence of sustainable spot demand.

Onchain analyst Onchain Insights stated that Bitcoin has broken through the annual downtrend line resistance and rebounded to the $70,000 range. If it can continue to close above this structural resistance, it may indicate easing selling pressure and further upward momentum.

Another analyst also stated that there is limited resistance for short positions before $80,000, making it an important near-term target.

There are large selling barriers for BTC whales at $74,000 and $80,000. The gap between these resistance levels is quite large.

——CW (@CW8900)

On Polymarket, the probability of Bitcoin hitting $80,000 in August has risen to 13% , a 9% increase in 6 hours. BTC would need to rise approximately 14% from $71,000 to reach $80,000.

Can it get back to $120,000?

Rochard anticipates that Bitcoin will easily surpass $120,000 next year if the macroeconomic environment becomes more favorable. His long-term target of $300,000 by 2030 reflects a broader bullish argument surrounding liquidity, supply, and adoption.

His view was also supported by Anthony Scaramucci, CEO of SkyBridge Capital, who expects Bitcoin to break $100,000 . He cited the halving cycle and the reduction in new supply as evidence.

Currently, $80,000 is a key near-term milestone. Whether Bitcoin can translate this leveraged surge into sustained spot demand will determine how realistic Pierre Rochard's more ambitious targets of $120,000 or even $300,000 are.