Huo Xing Cai Jing reports that Killa posted on X, stating that he believes the bottom for Bitcoin has already formed, with the maximum pullback during this bull market expected to be around 10% to 15% from current levels to $126,000. If Bitcoin forms a local peak near $87,000 before further declining to just above $70,000, this area could serve as Bitcoin’s bottom; should it reach this level, he plans to significantly increase long positions to continue the upward trend. Killa noted that Bitcoin is currently testing a key region near $80,000, and if it holds above the previous breakout high, the uptrend may still continue; he would only consider shorting near $90,000.
Analyst Killa: Bitcoin May Continue Its Uptrend If It Holds the Key Level of $80,000
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Summary
Bitcoin analysis from analyst Killa suggests the asset may continue rising if it holds the $80,000 level. He noted that Bitcoin news points to a potential bull cycle peak near $126,000 following a 10% to 15% pullback. A local high near $87,000 followed by a decline to just above $70,000 could signal the cycle bottom. Killa said the $80,000 level is currently in focus, with a breakout likely to extend the uptrend. He would only consider shorting near $90,000.
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