KillaXBT Says Bitcoin's Cycle Low Is In Despite Fresh Selling

Trader KillaXBT says Bitcoin (BTC) may have already formed its cycle low, arguing that market structure outweighs seasonal patterns that often place bottoms in the fourth quarter.

KillaXBT says Bitcoin has formed three major lows in each cycle and sees similarities between a 2023 bottom and this year's market action. The trader argues that another low before year-end would not fit the cycle's structure.

KillaXBT described the recent weakness as market de-risking as legacy markets fell sharply, with crypto following their correlation. The trader's structural-bottom view differs from seasonal timing, which has not yet aligned with the expected pattern.

Renewed selling has put the call under pressure. Ahuja has separately said Bitcoin had passed its cycle low.