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Add as a preferred source on GoogleTrader Killa Says Bitcoin (BTC) Has Formed a Range Near $80,000
He said traders shaped by repeated bear-market false breakouts may keep treating rebounds as traps, even as a move lower to sweep liquidity remains possible.
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Trader Killa said Oct. 23 that Bitcoin (BTC)’s trading range and bottom structure have formed around $80,000, as bear-market false breakouts may still leave traders viewing rebounds as traps.
Killa said a further move lower to sweep liquidity inside the range remains possible. He also said Bitcoin might rise without another pullback, leaving onlookers to miss the move.
In a bull market, Killa viewed a range pullback that sweeps liquidity as a bullish setup and emphasized the prevailing trend.