Trader Killa Expects Bitcoin Cycle Turning Point Within Days

Bitcoin trader Killa expects a key cycle turning point within days, a near-term call that could test whether his past pattern of countertrend moves appears again as bearish sentiment builds.

Killa said his review of more than 600 days of Bitcoin price action identified 11 earlier turning points, all of which moved against the prevailing market narrative. He said bearish sentiment is still accumulating and that, if the pattern repeats, Bitcoin could rise at least 5% against the prevailing trend.

Killa cautioned that a turning point would not necessarily lead to a sharp move immediately. He said he will watch Bitcoin's price behavior when it arrives.