Prominent Trader: Bitcoin Trading in a Short-Term Narrow Range, $65,300 Is the Key Level

August 9th - Renowned trader Killa shared his Bitcoin technical analysis, suggesting that if Bitcoin falls below the current weekly high point ($65,300), it will retreat to test the monthly open around $62,700.

On the other hand, if it can strongly break through and hold above the $65,300 resistance level, it may further rise to around $66,900. Overall, the assessment is that the market has been in a consolidation phase for the past two months, with no clear breakout signals.

Killa, a quantitative trader focusing on BTC, 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 decline on June 5th.