Trader Killa advises against shorting Bitcoin after it breaks above the long-term downtrend line, with the weekly chart serving as the best confirmation signal. Killa presents Bitcoin weekly charts from 2026, 2022, and 2018 to draw parallels with the current market structure. Killa previously predicted the bull market peak in May 2025, shorted Bitcoin at $74,688 in mid-April, and switched to a long position on June 5.
Trader Killa Warns Against Shorting Bitcoin After Breaking Long-Term Downtrend
AiCoinShare
Summary
Bitcoin analysis by trader Killa reveals that recent Bitcoin news has broken a long-term downtrend, prompting a warning against shorting. Killa used weekly charts to compare current price structures with those from 2026, 2022, and 2018. After shorting Bitcoin at $74,688 in April 2025, Killa went long on June 5, forecasting a bull market peak in May 2025.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.