Famous trader: If BTC breaks through $83,000, it may trigger a short squeeze to rise to $95,000

Renowned trader Killa stated that from a high time frame structure perspective, there is about an 80% confidence that the bottom for Bitcoin has formed. However, strictly according to technical confirmation standards, the current trend has not yet completed its reversal, as BTC has not yet reclaimed and stabilized above the $83,000 high on a weekly basis.

$83,000 is a key position for confirming a substantial trend change. If Bitcoin breaks through and gains market recognition above this range, traders should be cautious about blindly shorting subsequent rises, as shorts may face strong squeezes, pushing the price towards around $95,000. In the short term, he expects the market to remain volatile.