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Killa: Bitcoin Unlikely to Hit $50K in October, $62K Is Cycle Bottom

Prominent trader Killa says Bitcoin falling to $50K in October is nearly impossible, asserting that $62K has already formed the cycle bottom. He remains bullish on the asset’s trajectory.

Original source

AI take

This is a notable counterpoint to bearish October narratives, but it rests entirely on one trader's conviction rather than on-chain or macro evidence. The claim that $62K is the definitive cycle bottom is a strong, falsifiable assertion; the market's reaction to any retest of that level will be the real test. What matters is whether broader liquidity conditions and ETF flows corroborate this view, as a single high-profile call can influence short-term sentiment but not structural direction.

Generated by AI for reference only.

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