Trader Killa Says Bitcoin (BTC) Has Formed a Range Near $80,000

Trader Killa said Oct. 23 that Bitcoin (BTC)’s trading range and bottom structure have formed around $80,000, as bear-market false breakouts may still leave traders viewing rebounds as traps. Killa said a further move lower to sweep liquidity inside the range remains possible. He also said Bitcoin might rise without another pullback, leaving onlookers to miss the move. In a bull market, Killa viewed a range pullback that sweeps liquidity as a bullish setup and emphasized the prevailing trend.