Bitcoin Breaks Key Support, Analysts See $60K Target

The recent price action represents more than a routine pullback for Bitcoin. According to the analysis shared by XForceGlobal on X, the drop below $80,000—and crucially, below the November 2025 low of $82,000—has invalidated the complex sideways structure, known as a WXY combination, that many traders were relying on for continuation. This prior low was the linchpin; its failure to hold signals that the price action from the all-time high should now be treated as a separate, corrective move rather than part of a healthy bullish trend.

This restructuring of the primary Elliott Wave count is significant. It fundamentally changes how the market’s technical framework is interpreted, giving the current decline more room to develop from a Fibonacci extension perspective. XForceGlobal emphasizes that the breakdown means the minimum and maximum downside targets must be re-evaluated, with lower levels becoming increasingly likely in the coming weeks and months as the market searches for a new foundation.

With the bullish structure compromised, XForceGlobal’s analysis outlines two primary bearish scenarios for Bitcoin, both of which, despite different technical paths, point to a similar danger zone. The first scenario is a flat correction, where Bitcoin is currently unfolding a C wave. While described as the least attractive option technically, this path would still imply a full distribution range that drags the Bitcoin price to as low as $60,000.

The second, and more complex, scenario is a macro ending diagonal structured as a WXY move to the downside. This interpretation uses the October 2025 all-time high above $126,000 as a key reference point to improve the wave separation of the current price action. Strikingly, the price projection derived from this diagonal pattern also aligns with targets in the same $60,000 area. The convergence of these two distinct technical interpretations on a comparable downside target underscores the heightened risk in the medium term.

Given that the larger bullish structure is now compromised, XForceGlobal advises market participants to adopt a shorter-timeframe bearish bias while the market reorganizes its next wave count. The immediate outlook is for Bitcoin to continue its decline, with the analysis pointing to a journey toward at least the $60,000 level. This represents a substantial drawdown from current levels near $78,560.

However, the analysis does not paint an indefinitely bleak picture. The projected decline to the $60,000 zone is framed as a necessary corrective phase. Following this expected trough, XForceGlobal’s outlook anticipates a rebound that could stage a return above the $100,000 level. For now, the path of least resistance has shifted, and the break of the $82,000 support serves as a clear technical warning that the market’s character has changed, demanding a more cautious approach from traders and investors in the crypto space.