Add as a preferred source on GoogleTrader Killa Sees Bitcoin (BTC) With 56% Upside Potential to $126,000
He put the downside to $75,000 at about 7% and said Bitcoin may not revisit that level. Killa cited investors who waited for $50,000 after Bitcoin reached $60,000.
Trader Killa urged caution about waiting for a Bitcoin pullback, saying the asset had about 56% upside to $126,000 against 7% downside to $75,000 in his assessment.
Killa said a return to $75,000 was possible, but the market might not reach that level. He said no one could be completely certain whether Bitcoin would revisit the price.
Killa recalled that many investors waited for Bitcoin to fall to $50,000 when it traded at $60,000. He said those investors missed the subsequent advance, and warned that the market may not offer buyers their preferred entry price.
He added that investors may keep moving their expectations even if Bitcoin reaches a price they previously targeted. His example focused on the risk of missing a potential advance while waiting for a specific price.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.