Bitcoin completes the bottom sweep; may shift to a bullish push next week.

Huo Xing Finance reports that on October 18, renowned trader Killa reviewed the weekly Bitcoin price action, noting that last week BTC retraced from $87,000 to the $80,000 range before rebounding 50%. After this week’s open, the price surged on Monday but faced persistent resistance, ultimately declining to retest last week’s low near $80,000. Currently, long positions are primarily being targeted, suggesting a high likelihood next week of a shift toward targeting short positions. In the short term, closely monitor whether the price retests this week’s low at $79,800; if so, consider long opportunities. Killa provided a clear analytical framework: if the price no longer tests the lows, focus attention on the $83,600 area. If this level fails to break, the market will likely remain in a range-bound consolidation phase; if it successfully reverses, an upward breakout is probable. Killa expects next week’s weekly open to move upward, forcing late short sellers to cover their positions. In the worst-case scenario for bulls, BTC could decline to the $76,000–$78,000 range. The analyst explicitly stated that an extreme drop to $74,000 is not anticipated.