Prominent Trader: Bitcoin’s Short-Term Movement Depends on the $65,300 Level

KuCoinFlash

Release Time: 08/09/2026 07:04:37

BTC

$64,306.100.16%

Summary

Bitcoin analysis from prominent trader Killa on August 9, 2026, identifies the $65,300 level as a key short-term pivot. A break below could push prices to $62,700, while a move above may target $66,900. Killa, known for on-chain analysis and a proven track record of market predictions, switched to long positions in June 2025 after forecasting a bull market peak.

BlockBeats news, on August 9, renowned trader Killa shared a technical analysis view on Bitcoin, suggesting that if Bitcoin falls below the current weekly high (below $65,300), it will retest the monthly open price of approximately $62,700.

If the price can forcefully break through and sustain above the $65,300 resistance level, it may rise further toward $66,900; overall, the past two months have been within a trading range, with no clear breakout signal yet.

Killa, a quantitative trader focused on BTC, predicted the peak of this bull market in May 2025 and has over 200,000 followers on X. In mid-April, he shorted Bitcoin at $74,688 and switched to a long position during the broader market decline on June 5.

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