A prominent trader says Bitcoin’s long-term target remains above $150,000, and the traditional four-year cycle may eventually change.
2026.08.19 23:24:49
Prominent crypto trader Killa said in a post that Bitcoin has rebounded from its lows, warning that trying to wait for the "perfect bottom" could lead investors to miss out entirely on the subsequent rally. He noted that rather than staying sidelined (holding no position) waiting for a price that may never materialize, he prefers to build exposure early and accept potential drawdowns along the way. Killa added that Bitcoin’s cycle is shifting, with multiple indicators supporting this view, and the traditional four-year cycle may ultimately change. As such, he is willing to accumulate Bitcoin at various price points including $70,000, $65,000, $60,000, and $55,000, rather than fixating on a single bottom target. In the longer term, he projects Bitcoin’s price will rise above $150,000. He emphasized that rather than missing the entire rally by clinging to a target price, he would rather hold positions first and adjust them as market conditions evolve.
Analysis: The majority of BTC sold on-chain are currently profitable, and strong buying pressure is a typical hallmark of a bull market.
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