Trader Killa Says Bitcoin Needs to Hold Above 111-Day SMA to Confirm Trend Reversal

Gate News message, April 23 — Renowned Bitcoin trader Killa (@KillaXBT) stated that Bitcoin must successfully recover and hold above the 111-day simple moving average (SMA) to confirm a trend reversal. Without this, Bitcoin faces strong pullback risks within the longer-term bearish framework on weekly and monthly timeframes, and Killa does not recommend a bullish outlook at this time.

Killa, a quantitative trader focused on BTC, previously predicted the peak of the current bull market in May 2025 and has over 180,000 followers on X. In mid-April, Killa opened a short position on Bitcoin at $74,688 and is currently underwater on the trade.