Crypto
Bitcoin Price Next Big Move? New Highs After $80K
Rekt Capital says Bitcoin's retest of the $80K range high could decide whether a new phase starts, while spot ETFs log 9 days of inflows.
BLOCKINSIDERLoadingRekt Capital says Bitcoin's retest of the $80K range high could decide whether a new phase starts, while spot ETFs log 9 days of inflows.
Bitcoin is trading above $80,000 again, and one analyst thinks this could be the start of something bigger. Rekt Capital says BTC has closed a week above the top of the range it has held all year.
The current retest of that level will decide whether the move turns into a fresh bull run or fades back into the old range.
On the weekly chart, Bitcoin's macro range runs from about $58,000 at the low to $82,530 at the high. Rekt Capital calls this band a potential accumulation range.
He compares it to the price cluster above $80,000 that formed the 2025 bull market peak, which he sees as the distribution range. Bitcoin has now posted a weekly close above the range high and is retesting that area as new support. If the retest holds, price would technically be leaving the $60K–$80K zone it has lived in through most of 2026.
The analyst calls this retest trend-defining and cycle-defining. A win here would point to bull market continuation and a new phase. A failure would count as a fakeout. Bitcoin price would fall back into the range and resume swinging between the low and the high.
Rekt Capital also ties the breakout to the four-year cycle. In 2024, an eight-month consolidation after a pre-halving all-time high cut a 260-day acceleration down to zero, and Bitcoin topped on schedule in October 2025.
Today's acceleration is around 100 days, which he says would be easier to absorb. He called cycle acceleration in May 2024 and watched it disappear by October 2025, so he isn't ready to write off the four-year cycle yet.
Institutional demand is backing the move. Data from SoSoValue shows US spot Bitcoin ETFs pulled in $66.19 million in net inflows on September 29, after $31.07 million the day before.
That makes nine straight trading days of inflows since the $295.98 million outflow on September 16. The bigger numbers came earlier. Funds added $998.95 million on September 21 and $714.75 million on September 22, and the week ending September 25 closed with $2.39 billion in net inflows.
That came after a flat week of $6.21 million and a $462.73 million outflow in the week ending September 11.
Bitcoin trades near $83,656 on the 1-hour chart. Price has moved mostly sideways since a drop from the $87,200-$87,300 area and holds a range between roughly $82,560 and $84,700.
Immediate support sits at $83,000-$83,300, with $82,550-$82,600 below it as the recent swing low. On the upside, $84,000 is the first hurdle, followed by stronger resistance at $84,500-$84,700 from the recent local highs.
The RSI readings sit at 61.4, 54.4, and 51.0. The main reading is above 50 without being overbought, so buyers still have room to push higher.
In the short term, a stable hourly close above $84,000 and a clean break of $84,700 would put $85,400 in play. Above that, the swing high near $87,270 is the next target. Losing $83,000 would weaken the setup, and a drop below $82,550 could open the door to another leg lower.
In the bigger picture, Rekt Capital expects a confirmed breakout from the $60K-$80K range could lead Bitcoin to build a new re-accumulation range at new highs, above the $82,530 level.
A failed retest would send Bitcoin back into the range, with a possible right shoulder forming under $80,000. For now, holding above $82,530 on the weekly keeps the breakout alive, while $84,700 and $82,550 decide the next move on lower timeframes.
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