Trader Killa argues that Bitcoin's prior extreme low should not be viewed as a guaranteed retest target, emphasizing that historical price action will not necessarily repeat itself. The previous "liquidation wick" occurred when multiple bearish factors emerged simultaneously, including the Fed signaling a hawkish pause in rate hikes.
Killa notes that fourth-quarter buyers are still waiting for lower entry prices and recommends continuing dollar-cost averaging (DCA) over the coming weeks. He views the current ~9% pullback as a healthy correction within an ongoing bull market, provided no additional negative catalysts emerge.
Trader Killa: Bitcoin's Prior Extreme Low Not a Guaranteed Retest; 9% Pullback Healthy in Bull Market
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