Prominent Trader: Bitcoin Faces Key CME Gap at $84,000, Short-Term Recovery Unlikely
BlockBeats News, April 16th, Famous trader Killa (@KillaXBT) stated that Bitcoin has a CME exhaustion gap near $84,000, just before the waterfall drop. This gap is similar to two other gaps in 2022, which took 290 days and over 500 days to fill, respectively.
Killa believes the current Bitcoin trend closely resembles the 2022 pattern, suggesting that the $84,000 gap may be difficult to fill in the short term. Therefore, a local top may be closer than the $80,000 target that most people expect. He reminds traders that chasing highs in the current market may face downward pressure rather than a quick rebound.
In a previous update, Killa announced that he had shorted Bitcoin at $74,688 with a stop-loss at $80,000.
Killa, as a BTC-focused quantitative trader, had predicted the peak of this bull market in May 2025 and has over 180,000 followers on the X platform.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Astera Labs (ALAB.US) Q3 earnings and guidance exceed expectations; Scorpio rises to become the top revenue-generating product line
Astera Labs (ALAB.US) released its Q3 2026 financial report after the US stock market closed on November 3.
Surged after hours! Arista Networks (ANET.US) achieved record revenue and profit growth in Q3, with Q4 performance guidance exceeding expectations
Arista Networks released its financial results for the third quarter of 2026 ending September 30.
The US strengthens the dollar on midterm election day, rising Treasury yields provide support, and the US-Iran situation may dominate future market trends.
The US dollar strengthened on Tuesday during the US midterm elections, supported by rising US Treasury yields and robust economic data.
Crypto prices
More
