Trader Killa: BTC has pulled back approximately 9%, advises continuing to dollar-cost average over the next few weeks.

On October 25, trader Killa stated in a post that the market is currently anticipating Bitcoin to once again test its previous extreme drawdown low. However, the "liquidation wick" observed at that time occurred alongside a concentrated burst of multiple bearish catalysts. Unless additional negative news surfaces, it should not be assumed that Bitcoin will inevitably drop to prior lows again, nor must historical price action simply repeat itself.

Killa further noted that buyers in the fourth quarter appear to still be awaiting lower entry prices, and advised investors to continue accumulating BTC via dollar-cost averaging (DCA) over the coming weeks.

Killa stated that Bitcoin has currently pulled back approximately 9%, which he considers a healthy retracement within a bull market.