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Binance News
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Bitcoin Faces Potential Downward Pressure Amid CME Gap Concerns
On April 16, renowned trader Killa (@KillaXBT) highlighted a significant CME gap near $84,000 for Bitcoin, which he believes could lead to a sharp decline. According to BlockBeats, this gap is reminiscent of two similar gaps from 2022, which took 290 and over 500 days to close.
Killa suggests that the current Bitcoin trend closely mirrors the 2022 pattern, indicating that the $84,000 gap may not be filled in the short term. He warns traders that the anticipated local top might be closer than the widely expected $80,000 target, suggesting potential downward pressure rather than a swift rebound.
Recently, Killa announced that he has shorted Bitcoin at $74,688, with a stop-loss set at $80,000.
As a quantitative trader focused on BTC, Killa had previously predicted the peak of the current bull market in May 2025 and has amassed over 180,000 followers on the X platform.
Killa suggests that the current Bitcoin trend closely mirrors the 2022 pattern, indicating that the $84,000 gap may not be filled in the short term. He warns traders that the anticipated local top might be closer than the widely expected $80,000 target, suggesting potential downward pressure rather than a swift rebound.
Recently, Killa announced that he has shorted Bitcoin at $74,688, with a stop-loss set at $80,000.
As a quantitative trader focused on BTC, Killa had previously predicted the peak of the current bull market in May 2025 and has amassed over 180,000 followers on the X platform.