Well-known trader: Bitcoin's long-term target is still above $150,000, and the traditional four-year cycle may eventually change

Comparing the news, well-known trader Killa wrote that Bitcoin has rebounded from a low level, and trying to wait for a perfect bottom may cause investors to completely miss the subsequent rise. He said that instead of going short in order to wait for a price that may never arrive, he is more inclined to establish exposure ahead of time and accept the drawdown that may occur in the process.

Killa said that the Bitcoin cycle is changing, and many indicators already support this judgment, and the traditional four-year cycle may eventually change. As a result, he is willing to keep buying at different prices such as $70,000, $65,000, $60,000, or $55,000 rather than sticking to a single bottom target.

In the longer term, Bitcoin's price will rise above $150,000. He said he would rather hold a position first and then adjust according to market changes than to miss the entire upward process due to constant waiting for the target price.