Bitcoin Q3 Bottom Could Spark 'Complete Disbelief' Above $50,000

Bitcoin could reach its new "macro bottom" by September as price action continues to surprise traders. Pseudonymous trader Killa says BTC may "front run" exchange order-book liquidity to produce a bear-market low between $50,000 and $60,000. "At some point, $BTC is going to front run major HTF liquidity," he told followers in a post on X.

"Just like the market front ran the 140K liquidity above, it can do the exact same thing on the downside, leaving many in complete disbelief." An accompanying chart from CoinGlass shows the main area of interest between $50,000 and $60,000. Killa argues that if it gets taken, it would lay the foundation for the end of the bear market.

"I'm not saying we won't sweep below 60K, but it's something worth considering. Markets have a habit of front running the levels everyone is focused on," they continued.

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