Renowned trader: Bitcoin must hold above the 111-day SMA to confirm a reversal trend
BlockBeats News, on April 23, well-known trader Killa (@KillaXBT) posted that Bitcoin must successfully reclaim and hold above the 111-day SMA to confirm a trend reversal; otherwise, within the long-term framework of a bearish trend on the weekly and monthly charts, there is a strong risk of a pullback. Bullish positions are not recommended at the moment.
Killa, a quantitative trader focused on BTC, predicted the top of the current bull market in May 2025 and has over 180,000 followers on X. In mid-April, Killa shorted Bitcoin at $74,688 and is currently in a losing position.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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