Bitcoin May Have One Final Leg Lower Before Bottoming, Trader Says

Uk Jin

Summary

Prominent crypto trader Killa (KillaXBT) said Bitcoin (BTC) may face one more decline before forming a bottom.
Killa said every past Bitcoin cycle included a final downturn accompanied by investor capitulation, and that another drop may still be ahead this time.
As of 10:53 p.m. on April 11, Bitcoin was trading at $72,692, up 0.69%% from a day earlier, according to CoinMarketCap.

Forecast Trend Report by Period

Bitcoin may face one more decline before establishing a bottom, according to a market view from a prominent crypto trader.

On April 11, KillaXBT wrote on X that every past Bitcoin cycle ultimately featured a final drop accompanied by investor capitulation. If that pattern repeats, Bitcoin may still have one more leg lower before a true bottom forms.

As of 10:53 p.m. on April 11, Bitcoin was trading at $72,692, up 0.69% from a day earlier, according to CoinMarketCap.

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