Trader Killa says Bitcoin needs to show buying pressure above 80000 USD; otherwise, it may retrace to 76000 to 78000 USD
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AT A GLANCE
The trader says Bitcoin needs to see buying pressure above 80000 USD; otherwise, it may retrace to 76000 to 78000 USD。
Article
Opinion: Bitcoin needs to show buying pressure above 80000 USD; otherwise, it may retrace further to 7.6-78000 USD BlockBeats reports that October 12, well-known trader Killa stated that Bitcoin is currently retesting the price range it previously broke out of. The market needs bulls to buy actively at the current level to prove that the range still provides support. If BTC breaks below the range again and fails to reclaim it, this may indicate that the current structure has been damaged and lead to a further retracement to 80000 USD below.
Killa pointed out that the market has already seen approximately 2000000000 USD in liquidations, so it may not need to sweep the previous low again to obtain liquidity. If the price continues to weaken, this would instead indicate market weakness, rather than bulls accumulating strength.
He warned that the previous defense near 80000 USD may also have been intended to lure traders into entering positions, after which the price could still fall to 76000 and into the 78000 USD range. If Bitcoin is to continue rising, buying activity in the current area will be crucial.
Original link https://m.theblockbeats.info/flash/371429
Key points
01
BlockBeats reported on October 12 that trader Killa said Bitcoin is retesting the price range it previously broke out of.
02
Killa said the market needs bulls to buy actively at the current level to prove that the range still provides support.
03
Killa said that if Bitcoin breaks below the range again and fails to reclaim it, this may indicate that the current structure has been damaged and lead to a further retracement to 80000 USD below.
04
Killa said the market has already seen approximately 2000000000 USD in liquidations.
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Killa warned that the defense near 80000 USD may have been intended to lure traders into entering positions, and that the price could still fall to 76000 to 78000 USD range.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This is a conditional assessment of Bitcoin’s price movement by a trader: if sustained buying pressure appears above 80000 USD, the market may remain supported; if it breaks below the relevant range and fails to reclaim it, it may continue to weaken.
Why it matters to readers
80000 USD The trader views buying activity above as an important indicator for determining whether support is valid and for assessing subsequent price movements.
The article describes a trader’s opinion, not a confirmed price movement; “liquidations” refers to relevant positions being forcibly closed.
Risks and unknowns
The article does not provide independently verifiable real-time market data, liquidation data, or capital-flow data.
The article does not confirm whether Bitcoin has already broken below the range or whether it has already retraced to 76000 to 78000 USD。
76000 to 78000 USD is a conditional forecast range and does not mean that the price will necessarily reach it.
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buying pressure
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