Prominent Trader Killa Predicts BTC Could Test $70K, No Need to Fill Lower Gap

Huo Xing Finance reports that on September 10, renowned trader Killa posted on social media that Bitcoin had been consolidating at the bottom for two months, after which it rallied 27%, yet the market remains in an unbelievable state. The lower gap does not necessarily need to be fully filled. The gap originally formed because approximately $6 billion in short positions were liquidated—this figure only represents publicly visible liquidation data. Therefore, under these circumstances, the lower gap does not need to be fully closed, and it is very unlikely to be filled at all. During the rally at the end of 2022, only partial filling was observed, and even that was quickly bought back. If a similar scenario occurs this time, BTC might test the $70,000 level—but this is not guaranteed. Killa stated that, technically, he does not expect BTC to return to his 2x long entry point at $62,600, nor even to his publicly disclosed average spot cost price of $65,800. The worst-case retest scenario, should some form of capitulation occur, might reach around $69,000. Beyond that, no significantly deeper pullback is anticipated; even that level may be a stretch. BTC is likely to easily hold the $73,000–$75,000 range and eventually resume an upward trajectory toward $85,000.