Famous Trader Speaks Out After Rally: "Bitcoin Needs Another Level for Further Growth"

cryptonews.ruPublicado a 2026-08-19Actualizado a 2026-08-19

Resumen

After a period of dormancy, the crypto market showed a strong upward trend, with Bitcoin ($BTC) briefly surpassing $69,000 and Ethereum (ETH) rising above $2,100. Market capitalization grew to around $2.4 trillion. This surge has reignited speculation that Bitcoin's bear market may be nearing its end. Trader Killa, known for accurate bear market predictions, stated that BTC has begun recovering from its lows. He warned investors might miss the next rally by waiting for a "perfect bottom." Killa maintains a long-term Bitcoin target above $150,000 and suggested the traditional four-year market cycle might change. He identified the 200-day moving average near $69,500 as a critical level. A sustained break above it could confirm a return to a bull phase. Bitcoin recently faced resistance around this level, underscoring its technical importance. Institutional voices also express optimism. Matt Hougan, CIO of Bitwise, noted that blockchain-based yield-generating assets are being revalued, with some protocols poised for higher market caps. A Bitwise Europe report highlighted renewed institutional demand, citing inflows into ETPs, high long-term holder balances, and stable corporate treasury demand. Hougan further stated Bitcoin is becoming more resilient to negative news. He estimated that even a 1-2% allocation from major wealth managers like Morgan Stanley could channel hundreds of billions of dollars into the crypto sector.

After a long period of calm, the cryptocurrency market has shown a strong uptrend. According to data, Bitcoin ($BTC) briefly rose above $69,000, gaining about 5.7% in the last 24 hours. Ethereum (ETH) also climbed above $2,100, increasing by nearly 8.8%. The total cryptocurrency market capitalization also grew by 4.7%, reaching approximately $2.4 trillion.

In connection with the market's rapid recovery, the view that Bitcoin's bear market may be nearing its end has begun to regain strength among investors and analysts.

Trader Killa, known for his accurate predictions of Bitcoin's downward trajectory in the current bear market, stated that $BTC has begun to recover after hitting lows, adding that investors may miss the next rally by waiting for the "perfect bottom."

According to Killa, the long-term target for Bitcoin remains above $150,000. The famous trader also believes that the traditional four-year cycle observed in the Bitcoin market for many years may change in the future.

The Critical Level for Bitcoin is $69,500.

Killa noted that Bitcoin's 200-day moving average is around $69,500. In the analyst's opinion, if $BTC breaks through this level and remains above it, it could serve as important confirmation that the market has re-entered a growth phase.

The fact that after the recent rally to around $69,500, Bitcoin encountered resistance precisely in this range, has increased the significance of this technical level.

Statements from institutional sources also confirm market optimism. Matt Hougan, Chief Investment Officer of Bitwise, stated that yield-bearing assets on the blockchain are beginning to be revalued in the cryptocurrency market.

According to Hougan, some protocols capable of generating real yield may see an increase in their market value.

In its August report, Bitwise Europe also noted signs of renewed growth in institutional demand. The report cited capital inflows into ETPs, a high volume of Bitcoin held by long-term investors, and stabilized demand from companies adding cryptocurrencies to their balance sheets as potential market support factors.

Bitwise: Potential Capital Amounts to Hundreds of Billions of Dollars.

Matt Hougan, in his assessment on The Rollup podcast, stated that Bitcoin is becoming increasingly "immune" to negative news and that the current bear market may be nearing its end.

Hougan also stated that even if just 1-2% of the approximately $20 trillion in assets under management by Morgan Stanley, Wells Fargo, UBS, and Bank of America Merrill Lynch were directed into cryptocurrencies, it could provide a sustained inflow of hundreds of billions of dollars into the sector.

*This is not investment advice.

end-content

Preguntas relacionadas

QWhat is the critical technical level for Bitcoin according to trader Killa, and why is it important?

AAccording to trader Killa, the critical technical level for Bitcoin is $69,500, which is near its 200-day moving average. He believes that if Bitcoin breaks and holds above this level, it could serve as a key confirmation that the market is re-entering a bull phase.

QWhat long-term price target does trader Killa have for Bitcoin?

ATrader Killa maintains a long-term price target for Bitcoin above $150,000.

QWhat does Matt Hougan, CIO of Bitwise, suggest about the potential capital inflow into the crypto sector?

AMatt Hougan suggests that even if only 1-2% of the approximately $20 trillion in assets managed by major financial institutions like Morgan Stanley and Bank of America were allocated to cryptocurrencies, it could result in a sustained inflow of hundreds of billions of dollars into the sector.

QAccording to the article, what recent market performance did Bitcoin and Ethereum show?

AAccording to the article, Bitcoin briefly rose above $69,000, gaining about 5.7% in the last 24 hours. Ethereum rose above $2,100, increasing by nearly 8.8%. The total crypto market capitalization also grew by 4.7% to approximately $2.4 trillion.

QWhat potential market change does trader Killa mention regarding Bitcoin's traditional cycle?

ATrader Killa mentions that the traditional four-year cycle observed in the Bitcoin market for many years may change in the future.

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