Prominent Trader: Bitcoin's Long-Term Target Still Above $150,000, Traditional Four-Year Cycle May Ultimately Change

BlockBeats News, August 19th: Renowned trader Killa posted that Bitcoin has bounced back from the lows, and trying to wait for the "perfect bottom" may cause investors to completely miss out on the subsequent rally. He stated that instead of staying in cash waiting for a price that may never come, he prefers to proactively build positions and accept any potential retracements along the way.

Killa mentioned that the Bitcoin cycle is undergoing a change, with several indicators supporting this view, suggesting that the traditional four-year cycle may ultimately shift. Therefore, he is willing to continue buying at various price points such as $70,000, $65,000, $60,000, or $55,000, rather than focusing solely on a single bottom target.

In the longer term, he sees the Bitcoin price rising to over $150,000. He noted that rather than missing out on the entire rally due to waiting for a target price, he prefers to first establish a position and then adjust based on market dynamics.