Gate News message, April 23 — Renowned Bitcoin trader Killa (@KillaXBT) stated that Bitcoin must successfully recover and hold above the 111-day simple moving average (SMA) to confirm a trend reversal. Without this, Bitcoin faces strong pullback risks within the longer-term bearish framework on weekly and monthly timeframes, and Killa does not recommend a bullish outlook at this time.
Killa, a quantitative trader focused on BTC, previously predicted the peak of the current bull market in May 2025 and has over 180,000 followers on X. In mid-April, Killa opened a short position on Bitcoin at $74,688 and is currently underwater on the trade.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin Touches $80K in April on Polymarket, Odds Rise to 54%
Gate News message, April 23 — On Polymarket, the probability of Bitcoin touching $80,000 during April has risen to 54%, with trading volume on the contract reaching approximately $39.36 million.
The prediction market is set to settle on May 1 at 11:59
GateNews4m ago
Bearish Analyst Says Repeating 2022 Pattern Can Lead to BTC Price Falling Under $52,000 Prices
Bearish analyst says repeating 2022 pattern can lead to BTC price falling fast.
The price of BTC is expected to dip as far as $52,000 rapidly.
Following this, the pioneer crypto asset is expected to bottom in the $40,000 price range.
Over the last
CryptoNewsLand14m ago
Bearish Analyst Says Repeating 2022 Pattern Can Lead to BTC Price Falling Under $52,000 Prices
Bearish analyst says repeating 2022 pattern can lead to BTC price falling fast.
The price of BTC is expected to dip as far as $52,000 rapidly.
Following this, the pioneer crypto asset is expected to bottom in the $40,000 price range.
Over the last
CryptoNewsLand15m ago
Pantera Capital and Shareholders Push Satsuma Technology to Liquidate $50M Bitcoin Holdings
Gate News message, April 23 — Shareholders in Satsuma Technology Plc, a London-listed Bitcoin accumulator, are pushing the company to sell its remaining $50 million in Bitcoin and wind down operations. Pantera Capital Management, a prominent crypto venture capital fund, is among investors
GateNews1h ago
Whale Opens 7,000 ETH Long Position With 20x Leverage, Worth $16.34M
Gate News message, April 23 — A whale address starting with 0xa875 opened a 20x leveraged long position on Ethereum an hour ago, according to Onchain Lens. The position comprises 7,000 ETH valued at approximately $16.34 million at an average entry price of $2,350. The position is currently underwate
GateNews1h ago
H100 Signs Binding Strategic Acquisition Agreement, Bitcoin Holdings Expected to Reach 3,500 BTC
Gate News message, April 23 — Swedish bitcoin treasury company H100 announced it has signed a binding strategic acquisition agreement. Upon completion of the transaction, the company's bitcoin holdings are expected to increase to approximately 3,500
GateNews2h ago
