An analyst who accurately called Bitcoin’s 2025 top predicts BTC will print more rallies if it holds one key level as support.
The pseudonymous analyst KillaXBT tells his 201,300 followers on X that Bitcoin will likely remain in an uptrend as long has it does not decline below April’s high of $79,505.
“From a purely structural standpoint, there’s nothing bearish right now. Does that make me bullish? No. But based purely on the current PA (price action), that’s the truth. We have flipped the April high plus held the monthly open $76,000 previous range highs. If you’re looking for shorts, the smartest approach is to wait for clear structural acceptance. At the moment, that confirmation isn’t there, we’re still trading above the April range highs [of $79,505].
A potential short setup would only come into play if BTC starts to move back below the April highs and shows convincing signs of bearish acceptance. That would open the door for scalp shorts targeting a move back toward the monthly open. Until then, shorting here is essentially betting that this move above the April high is just a deviation. If it’s not, price could continue higher, making shorts risky.”
Popular pseudonymous crypto strategist Credible Crypto also believes that Bitcoin’s fundamentals are strong and that the top digital asset is probably going to extend its rally in the near term.
“So far, Bitcoin looks solid. Continues to grind up into HTF (higher timeframe) supply on negative funding and a relatively strong spot premium: this looks like a healthy grind up. I would not be keen on shorting this move despite us being at HTF supply: no clear/obvious signs of weakness yet.”
Bitcoin is trading for $81,348 at time of writing, flat on the day.
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