Bitcoin's $80K Fantasy: Analysts Dream Big While Warning 'Not Time To Buy Yet'

Crypto analyst Jordan has predicted that Bitcoin could rally to $80,000 in the short term, pointing to a bullish trend that began in February around when BTC formed a new local low of $60,000. The leading crypto has since rebounded to as high as $76,000. Because nothing says "trust me bro" quite like predicting a number that's only 20% away from current prices.

Jordan noted that BTC has bounced every time the price has tested support in the lower $60,000 range. If Bitcoin can hold this level, there could be a momentum push towards the $80,000 to $84,000 CME gap. The analyst remarked that it's interesting the price has remained above key support levels despite the U.S.-Iran war. Apparently missiles flying and Bitcoin greenpilling are no longer mutually exclusive—who knew?

Crypto analyst Doctor Profit also indicated that BTC could rally above $80,000 in the short term. He stated he will look to enter new shorts between $79,000 and $84,000 if Bitcoin revisits that zone. He sees a high medium probability that BTC will reach this zone. However, given the geopolitical situation with the war in Iran, he doesn't think the risk-reward is worth it to go long hoping BTC will rally above $80,000. Classic Doctor Profit: bullish enough to call the move, humble enough to not actually put his money where his mouth is.

Doctor Profit reiterated that Bitcoin is in a bear market and the price hasn't bottomed yet. As such, he believes placing short orders between $79,000 and $84,000 is a much safer bet with targets below $50,000. Somewhere in a Discord server, degens are printing this chart out and putting it on their wall like it's sacred text.

Crypto analyst CrypFlow stated this is not yet the time to buy BTC, as the price has not yet bottomed. He noted that the 2-month stochastic RSI bullish cross is one signal that has consistently marked the best buying opportunities every cycle. Under this pattern, momentum resets below 20, sentiment turns negative, and a bullish cross later confirms the shift. Basically, wait for everyone to weep, then buy. Revolutionary strategy, grandma's portfolio could do that.

CrypFlow further remarked that the cross marked the start of the bull run in the 2015, 2019, and 2023 cycles. However, that cross has yet to happen this time around. The stochastic RSI is resetting again and the setup is building, but the signal hasn't triggered, signaling that Bitcoin could still drop lower. Patience is a virtue, unless you're a degen who YOLO'd at $69K.

At the time of writing, Bitcoin is trading at around $66,800, up in the last 24 hours. And somewhere, another analyst is already revising their price prediction for next week.