Bitcoin, will it go to $70,000 or $42,000? Experts' forecasts diverge

▲ Bitcoin (BTC) ©Godasol

As Bitcoin (BTC) recovers to $61,000 and the cryptocurrency market shows signs of a rebound, attention is focused on whether this upward trend can continue. However, with uncertainties such as interest rates and geopolitical risks still present, forecasts regarding the market's direction remain divided.

According to cryptocurrency media Watcher.Guru on July 3 (local time), Bitcoin traded above $61,000, and major cryptocurrencies also rose. The outlet analyzed that while the recent rebound improved investor sentiment and market atmosphere, the sustainability of the uptrend depends on the macroeconomic environment.

The background of this rebound was attributed to Kevin Warsh, former Federal Reserve (Fed) Chairman, mentioning that inflation concerns have eased at the European Central Bank (ECB) forum in Sintra, Portugal. This statement acted as a factor boosting investment sentiment for risk assets. However, the media pointed out that inflation concerns have not been completely resolved. In May 2026, the US Consumer Price Index (CPI) recorded 4.2%, and the Federal Reserve froze its benchmark interest rate. The market also suggests the possibility of additional interest rate hikes within the year, explaining that if rates actually increase, it could burden the cryptocurrency market.

Geopolitical risks also remain a variable. The media analyzed that with the unresolved conflict between the US and Iran, international oil prices could further rise, which could burden the overall economy and negatively impact the cryptocurrency market.

Experts' opinions also diverged on Bitcoin's future outlook. Anthony Scaramucci predicted that the current period is already a bottoming phase and that Bitcoin could reach $70,000 by July 2026. In contrast, China's Zhang Zuoer (Chang Zhuo'er) predicted that Bitcoin would fall to $42,000-$44,000 in late 2026 before forming a bottom. The media evaluated that if Bitcoin falls to the $42,000 level, it could trigger a massive sell-off across the cryptocurrency market, but for now, both the possibility of the rebound continuing and the possibility of further correction remain open.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. This content should be interpreted for informational purposes only.*