BlockBeats reported on Aug. 23 that trader Killa said Bitcoin has already formed a bottom and has moved back above the short-term holder cost basis. Killa referred to an earlier call made when Bitcoin was at $65,000, saying the bottom would be in once the asset reclaimed $67,400, traded in the mid-$75,000 range, and held above the short-term holder cost basis. In Killa’s latest view, Bitcoin still needs to clear the $80,000 to $83,000 zone before any move toward $90,000 can be considered. The statement frames the current market setup around a confirmed base, a recovered on-chain reference level, and a resistance band that must be broken first.
BlockBeats reported on Aug. 23 that well-known trader Killa said Bitcoin has already formed a bottom, with the price moving back above the short-term holder cost basis.
Killa also referred to an earlier view given when Bitcoin was at $65,000: 「Once it reclaims $67,400, trades in the mid-$75,000 range, and holds the short-term holder cost basis, the bottom is in.」
Killa added that before discussing a move to $90,000, Bitcoin first needs to break through the $80,000 to $83,000 range.
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