Bitcoin Market Structure Shifts Bullish, Killa Expands Long Positions

Killa, a well-known cryptocurrency trader, has turned bullish on Bitcoin due to changes in its market structure. The trader had previously outlined a scenario where a structural shift would trigger an addition to their long position, with a target of new all-time highs.

This shift has now materialized, prompting Killa to increase their exposure. However, the trader also cautioned that the near-term path could include a sharp rally followed by a rapid correction to the low-$70,000 range.

Killa suggests that such a correction might be followed by a period of consolidation lasting three to four months before any sustained upward movement resumes.