Trader Killa said on X that Bitcoin’s decline could be more severe than previous bull-market corrections if $57,000 is the cycle low. According to Odaily, he said Bitcoin did not fall deeply into the imbalance zone even during the 2023 market capitulation; without a rapid V-shaped rebound from current levels, the pullback could rank among the sharpest declines in past bottoming periods.
If $57,000 is confirmed as the cycle low, Bitcoin would need to stay above $65,000. Otherwise, it could fall to between $42,000 and $52,000, potentially marking the final decline before a true bottom forms.
Killa said the pullback should not be treated as a typical bull-market correction, describing its price action as more severe. If the current low is not the final bottom, Bitcoin would for the first time make a higher weekly high and then fall below its previous bear-market low.