A short-term outlook has emerged that bitcoin could reach $80,000 by August.

Cointelegraph reported on Tuesday that the market is looking at support at $61,000 and a liquidity zone in the $67,000 range as the next key price levels.

Crypto trader and analyst Michaël van de Poppe (미카엘 반 데 포페) assessed that bitcoin is holding a major support line. He said on X, formerly Twitter, that bitcoin is maintaining the important $61,000 level and that key moving averages are also turning into a support zone. He added: "It suggests that bigger momentum could emerge ahead."

Van de Poppe's first target zone is $68,000. That range also overlaps with sell orders waiting if bitcoin breaks upward out of its current range. Coinglass data showed whale orders concentrated above $67,000, while buy-side support formed between $63,500 and $63,800.

The market is also sounding caution alongside expectations for gains. With spot-market trading volume down, it is hard to be confident about the staying power of the recent rebound. Market commentator Exitpump warned about the latest rise, saying, "I won't get excited about this surge," and adding that it could end as a "failed auction" above the value area. That means the price could be pushed back if it rises in the short term but trading does not follow through sufficiently.

Views are also split on the path after August. Trader Rekt Capital previously said July's strength could be reversed in August. He judged that bitcoin could repeat a typical pattern similar to the 2022 bear market. Trading firm QCP Capital, by contrast, suggested that the crypto market could climb further if just one catalyst emerges from the macro environment.

QCP Capital said that if this week's macro indicators and corporate earnings continue to support the bullish scenario, risk-on sentiment could improve. QCP Capital said: "If investors rotate from a broad stock rally into markets that have risen less, funds could also flow into digital assets."

As a result, the key variables now seen as determining bitcoin's direction are whether it holds $61,000 support in the near term and, at the top, whether it absorbs sell orders above $67,000. The outlet reported that optimism has emerged that bitcoin could reach $68,000 within 2 weeks or open the way to $80,000 by next month, but caution remains over trading volume and the possibility of an August pullback.