Bitcoin’s rebound has revived focus on the $80,000 level after BTC climbed from roughly $63,000 to $75,401 in less than 48 hours. Analyst Pierre Rochard expects Bitcoin to finish 2026 near $80,000, surpass $120,000 next year and potentially reach $300,000 by 2030, although he says it is "not quite ready for a parabolic run" yet. Rochard’s outlook depends heavily on Federal Reserve policy and the broader macroeconomic environment. He argues that an economic slowdown allowing interest-rate cuts without renewed inflation could improve liquidity and support risk assets such as Bitcoin. He also sees artificial intelligence potentially lifting productivity and lowering inflation, creating room for further rate cuts. The rally followed buyers defending the $63,000 area, with Bitcoin forming a higher high and higher low. A short squeeze (forced buying after bearish bets are closed) accelerated the move, as about $1.4 billion-$1.7 billion in crypto short positions were reportedly liquidated during surges in Bitcoin and Ethereum. Glassnode described the move as a 5.8-sigma event against Bitcoin’s 30-day volatility, the strongest upside move of that magnitude since October 2023. On-chain analyst Onchain Insights said Bitcoin had broken above yearly downtrend resistance and recovered into the $70,000 range, while another analyst pointed to limited short-position resistance before $80,000. Polymarket odds of Bitcoin reaching $80,000 in August rose to 13%, up 9 percentage points in six hours, although BTC would need to gain about 14% from $71,000 to reach that level. The rally’s leverage-driven character does not by itself confirm sustained spot demand. SkyBridge Capital CEO Anthony Scaramucci also expects Bitcoin to surpass $100,000, citing the halving cycle and reduced new supply. Whether the latest surge develops into durable spot demand will help determine how realistic Rochard’s $120,000 and $300,000 targets are.