Odaily Planet Daily report: Crypto analyst Killa posted on X that as BTC enters a new monthly cycle, the market has developed a clear bearish narrative; therefore, there is a high likelihood of a price rally at the beginning of the month.
The analyst noted that BTC is currently within a trading range and near bear market lows, with two potential outcomes ahead: either a further decline below $57,000 to complete the final pullback, or an upward breakout beginning this month to continue the range-bound movement. The analyst personally expects a modest 2%–4% rally at the start of the month but does not rule out the possibility of further downside movement afterward.