Trader Killa: BTC Needs Buying Interest Around $80K, Otherwise It May Pull Back to $76K-$78K

Odaily reports: Trader Killa stated that Bitcoin bulls need to step in at the current range, otherwise BTC could face the risk of falling below $80,000 and undergoing further correction.

Killa noted that BTC had previously broken above the upper boundary of its trading range and is now retesting whether that range structure remains valid. If the price falls back below the range and fails to reclaim it, it could signal that the prior breakout has failed and that the market structure is being compromised. The market has already experienced approximately $2 billion in liquidations, so there is no need to sweep lows again to seek liquidity. If another sharp decline occurs, it would instead reflect market weakness rather than a healthy correction.

The current area around $80,000 is a key zone for BTC to continue its upward momentum, and bulls need to demonstrate buying support. If buying interest is insufficient, the recent defense of the $80,000 support may merely serve to attract funds into the range, after which the price could pull back toward the $76,000 to $78,000 area.