TREE NEWS reports: Trader Killa said Bitcoin’s previous extreme low should not be treated as a level it is bound to revisit unless more negative news emerges, and that historical price patterns are unlikely to repeat in a simple way. The earlier liquidation wick formed when several bearish factors hit at once, including the Federal Reserve’s hawkish pause signal, Killa said, adding that buyers appear to be waiting for lower entry prices in the fourth quarter and recommending continued dollar-cost averaging into BTC over the coming weeks. Bitcoin has pulled back about 9%, which Killa called a healthy correction within a bull market.
Trader Killa: Bitcoin’s historic low formed amid multiple bearish factors, may not repeat
Related Coin Charts
AI take
Killa's argument reframes the prior liquidation wick as a confluence event rather than a structural floor, which matters for anyone treating that low as a reference point for risk. The claim that buyers are waiting for lower Q4 entries is the more consequential observation: it implies latent demand is conditional on price rather than conviction-driven, which can prolong consolidation even in a bull framing. The open question is whether that sideline capital actually deploys on further weakness or keeps waiting, since a correction labeled healthy only stays healthy if absorption shows up.
Generated by AI for reference only.
Share on WeChat
Open WeChat → Scan → then tap "…" to send to a chat or Moments.
Tap "…" in the top-right corner to send to a chat or share to Moments.
Related News
1h ago
Binance moves 21,750 BTC worth $1.69B between cold and hot wallets
2h ago
Malicious ‘SKR Claim’ App Briefly Listed on Solana DApp Store
2h ago
Strategy posts record quarterly operating profit of about $21B, CFO Andrew Kang to depart
3h ago
Ripple Locks 100M XRP Worth $125M in Escrow
4h ago
Bhutan’s Bitcoin Holdings Fall to 518 BTC from 13,000
5h ago
Binance Sees $3.64B Net Outflow After Repaying Most of $6.3B Stolen Assets