Prominent Trader: Bitcoin's Strong Breakout Warrants Caution for Potential Short-Term Pullback

BlockBeats News, August 20th - Renowned trader Killa compared the Bitcoin 2022 bottoming structure with the current structure, suggesting that investors should pay attention to the possibility of a short-term high retracement. "Bitcoin can still hold above its previous lows without actually breaking them."

At the same time, he stated that the only way to validate this structure is for BTC to retract back to the previous consolidation range and show clear signs of weakness on the 4H/1D chart. If there are no signs of weakness and BTC does not return to that range, then this structure will be invalidated.

As a BTC-focused quantitative trader, Killa accurately predicted the peak of this bull market in May 2025 and has over 200,000 followers on Platform X. In mid-April, he shorted Bitcoin at $74,688 and switched to a long position during the market-wide downturn on June 5th.