Bitcoin Completes Five-Wave Correction, Bottom May Have Formed; Killa Says Rally Timeline Accelerated by 100 Days

According to trader Killa (@KillaXBT), on July 22, Bitcoin has completed a five-wave correction structure similar to previous bear market cycles, with the bottom potentially already formed. Killa noted that BTC has swept through the bottom created by a "dead cat bounce" and finished the corrective structure seen in 2014, 2022, and 2026 cycles.

Historically, bear markets lasted about 365 days before establishing a final bottom; however, if the current low has already occurred, the timeframe is only approximately 260 days, accelerating the cycle by roughly 100 days. Killa maintains a 50-50 stance on timing but assesses the likelihood of forming higher lows in the near term as greater than a significant fresh decline.