Killa Says Bitcoin Is Forming a Descending Wedge and May Stay Range-Bound

Analyst Killa said on X that Bitcoin is forming a descending wedge on the daily chart and that his plan has not changed. According to Odaily, he expects the market to remain range-bound and warned that even a breakout from the pattern could be a false breakout, as the market has not spent enough time consolidating. Killa added that markets spend about 80% of the time in consolidation and 20% in trending moves or pullbacks, and said investors should avoid chasing prices unless market action proves otherwise.