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Analyst: Bitcoin’s annual high is 97000 USD,80000 to 83000 USD is a key support level

PANews October 3 reported that trader Killa stated that Bitcoin’s highest target for this year is 97000 USD. For the remainder of this year, the price may continue to trade range-bound below 97000 USD, but this cycle’s upward trajectory is more parabolic than in previous cycles and began earlier. Killa stated that 80000 to 83000 USD is a crucial range, whose importance is often underestimated by most people: if the price decisively breaks below this support level, the next potential target range would be 74000 to 77000 USD. This would likely become the “panic-selling” bottom before the price ultimately surges toward 97000 USD. However, if the current upward momentum continues, the pullback could be much shallower, perhaps falling only to slightly above 80000 USD before beginning the next rally. Killa emphasized,...

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