Renowned analyst: Bitcoin is approaching its fifth pivot point, with partial de-risking moves likely.
2026.08.06 20:41:16
Well-known crypto analyst Killa wrote that Bitcoin (BTC) rose at the start of the month as he had previously predicted, and is now approaching its "5th pivot point" — a timeline worth close attention. He noted that over the past year and a half, trading against the market’s dominant narrative during this period has repeatedly captured 3% to 4% counter-trend swings. If historical patterns hold, BTC may see partial de-risking after passing this pivot point. However, Killa warned that while prices fell as expected last time, BTC was in a complex consolidation range, so it did not form a smooth one-way downtrend, instead consolidating until the next pivot point. He added that historical biases still favor counter-trend trading, but the current market environment is complex, with both price structure and timeline being equally important.
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