Bitcoin breaks its 6-month downtrend as analysts flag $80.6K as a likely relief rally top before deeper bear market losses hit.
Bitcoin snapped a six-month downtrend. The move came fast. On-chain data and price action aligned enough to get traders talking about a breakout. But not everyone is celebrating.
According to ColinTCrypto on X, the breakout move has begun and is still in early stages. His specific target for the relief rally top sits at $80,600. That level lines up with a retest of the November 2025 lows. He put the broader relief range between $79K and $86K.
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ColinTCrypto said he is watching for 10% to 20% profit-taking on the way up. The goal, he noted, is to sell now and rebuy at bear market lows. He made clear he does not believe the bottom is in. In a linked post, he pointed to macro conditions that make a bear market recovery unlikely at this stage.
The Bounce Looks Real. So Did the Last One.
KillaXBT on X pushed back harder. He said people keep claiming everyone is bearish, but that narrative does not match the data. Delta is extended green, he noted, and there have been eight consecutive green daily candles. He called it a movie he has seen before.
“Just when people start believing we’re back,” KillaXBT posted, “the entire move gets erased in a few red candles.”
KillaXBT put the upper resistance zone at 76K to 78K. Buying there, he argued, means entering a bearish retest inside a macro downtrend. He described the current move as an orchestrated bid designed to distribute into limit sells. The big players, he said, have been shorting since $120K.
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The same patterns played out at 120K when calls for 150K were everywhere. Then at 96K when 100K to 104K targets circulated. KillaXBT said the same thing is happening now, with traders jumping to 80K to 85K calls after a 10% to 20% bounce.
$80.6K Is the Number Everyone Is Watching
ColinTCrypto’s $80,600 target keeps coming up because of what that price level means structurally. It is not a random number. It marks the zone where November 2025 support broke down. Retesting it from below would be a textbook bearish pattern.
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ColinTCrypto has been eyeing this level specifically because of what comes after. If the market fails to hold above it, a revisit to deeper lows becomes the base case. His wider range of $79K to $86K gives the rally room to play out before that judgment gets made.
KillaXBT did not give a bottom target. But his argument is built on one core idea. Liquidity builds below. And the market will go get it.
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The breakout is real enough to watch. Both analysts agree on that much. Where they split is on what follows. One sees a structured exit point. The other sees a distribution play that ends badly for buyers who arrive late.
