Bitcoin is currently trading at $64,645, up 2.93% over the past 24 hours, and technical analysts are now pointing to a target of $80,000 for August 2026. This isn’t just a prediction pulled out of thin air: a convergence of moving averages and Fibonacci retracements points to this range. It’s based on concrete data. 📈
🔍 What’s happening?
Technical analysts are putting forward an increasing number of bullish scenarios for Bitcoin in the short term. According to several charting models, the current momentum places the next major resistance level around $80,000. This level corresponds to a classic Fibonacci extension from the June lows.
Intermediate support levels are around $62,000 and $58,500. A break below these levels would invalidate the bullish scenario. For now, momentum remains favorable, with rising volumes and an RSI that still has some breathing room before entering overbought territory.
💡 Why does this matter?
For crypto traders, these technical levels are significant. They serve as concrete benchmarks for placing buy or take-profit orders. A clear break above $67,000 would automatically pave the way to $72,000 and then $80,000, according to current projections.
The macroeconomic context also plays a role: with the dollar hovering around 1.14 against the euro, inflows into risky assets like Bitcoin remain strong. Spot Bitcoin ETFs continue to attract institutional capital, fueling this uptrend.
📊 Our View
We remain positive on this short-term momentum. The technical indicators are solid, and the market is showing strong appetite.
Several factors support this view: buying volumes are increasing with each pullback, a sign that dip buyers are active. Intermediate support levels have held firm for the past three weeks. And most importantly, the absence of any major negative catalyst leaves the field open for buyers. In Europe, the AMF and ESMA are maintaining their MiCA framework without any recent tightening, which is avoiding regulatory upheavals for now. The momentum therefore remains intact as long as Bitcoin does not clearly break below $62,000.
If the $67,000 level is cleanly broken with volume, we are indeed targeting $75,000 and then $80,000 by the end of August. For French traders: Prioritize gradual entries on pullbacks toward $63,000–$64,000 with a strict stop below $61,500, and aim for a partial exit at $75,000 to lock in your gains before reaching the psychological $80,000 level.
✅ Key Takeaways
- Bitcoin is technically targeting $80,000 by August 2026
- Key support levels at $62,000 and $58,500 to watch
- Volumes are rising and bullish momentum remains intact
- A break above $67,000 would validate this trajectory
What do you think? Are you trading this technical rebound, or are you waiting for a more significant correction before entering a position?
🔎 See also
To learn more, check out all our crypto analyses on ActuTrading Crypto 📈
Source: Technical analysis, market data
