Analyst: The bottom of Bitcoin may have appeared, and a local low is expected to be formed near $87,000

PANews reported on September 24 that encryption analyst Killa published an article on the X platform saying that he judged that the bottom of Bitcoin has appeared. From the current price to the $126,000 range, the maximum correction in this bull market is expected to be around 10% to 15%.

Killa said that if Bitcoin forms a local high near $87,000 before further dipping to just over $70,000, then this area may form the bottom of Bitcoin; once the price hits relevant levels, it will significantly increase its long positions in line with the upward trend. He pointed out that Bitcoin is currently testing the key area near $80,000. If it can hold the previously broken range high, the upward trend may still continue; it will only consider shorting near $90,000.