Prominent Trader: Bitcoin Is Short-Term Range-Bound; $65,300 Is Key Level

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Bitcoin news from August 9, 2026, highlights a key level at $65,300 according to prominent trader Killa. He noted that a break below this level could send Bitcoin toward $62,700, while a move above might push it to $66,900. Killa, a BTC-focused quantitative trader with over 200,000 followers on X, previously called the bull market peak in May 2025. He shorted Bitcoin at $74,688 in April and switched to a long position in early June. His Bitcoin analysis continues to attract significant attention from traders.

Huo Xing Finance reports that on August 9, renowned trader Killa shared a technical analysis view on Bitcoin, stating that if Bitcoin falls below the current weekly high of $65,300, it may retest the monthly open price near $62,700. Conversely, if Bitcoin strongly breaks through and closes above the $65,300 resistance level, it could potentially rise further toward $66,900. Overall, Killa assesses that the past two months have been within a trading range, with no clear breakout signal yet. Killa, a quantitative trader focused on BTC, correctly 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 broad market decline on June 5.

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