Analyst Killa: Bitcoin holding the key area of $80,000 may continue to rise, will only consider shorting near $90,000

Killa posted on platform X, stating that it believes the bottom for Bitcoin has already appeared. From the current level to $126,000, the maximum pullback in this bull market is expected to be around 10% to 15%. If Bitcoin forms a local high near $87,000 before further dropping to just above $70,000, that area may become the bottom for Bitcoin; if it reaches the relevant price level, it will significantly increase the continuation of the upward trend for long positions.

Killa stated that Bitcoin is currently testing a key area near $80,000. If it can hold the previously broken range high, the upward trend may continue; it will only consider shorting near $90,000.