Bitcoin ended last week in a strong way. But some smart traders are warning that it might be a trick. A popular crypto trader named KillaXBT says that Bitcoin may be getting ready to move in a way that fools both buyers and sellers. It could drop first to scare people, and then go up. Or it could rise fast and then fall.
He also points to a price gap near $117,000, which could act like a magnet.
Let’s break it down.
Before this week even begin, KillaXBT had already posted two likely ideas for Bitcoin’s path. In the first idea, he expected Bitcoin to open strong, dip slightly near $116,000, and then bounce higher.
Meanwhile, in the second idea, Bitcoin would fall even deeper, around $114,800, take out weak hands, and then bounce up hard.
Out of the two, KillaXBT said the first idea was more likely. And last week, Bitcoin did dip to around $115,000, suggesting that the trap might have already happened.
However, he also gave a warning: if Bitcoin fails to stay above recent lows, it could fall deeper, into the $112,000–$113,800 zone. That risk is still on the table.
Last week’s dip to $115,800 was not just a random drop. According to KillaXBT, it was a smart “liquidity hunt”—a trick move to remove seller from the market before heading up again.
For this week, the focus is on a key price gap near $117,316, which is the CME gap. KillaXBT believes this level could pull the price back like a magnet. So even if the price rises for a bit, it might return to this level to “fill the gap.”
Keeping things in mind KillaXBT shared a two key possible scenario for this week for bitcoin. His first scenario suggests Bitcoin might dip early in the week to form a higher low, then bounces back strongly. This move would shake out late buyers and set up a clean path for a bigger upward move.
And the second scenario suggest that Bitcoin will rise fast to $120K–$121K, but it turns out to be a bull trap. This means people buying late might get stuck if the price suddenly drops.
KillaXBT points to a danger zone between $119,300–$119,700. If Bitcoin gets rejected here, it could fall again to fill that $117K gap.
As of now, Bitcoin is trading around $118,909, showing a slight increase in the past 24 hours.
KillaXBT sees two scenarios: a dip then bounce, or a fast rise to $120K–$121K followed by a bull trap.
The $117K CME gap may act like a magnet, pulling Bitcoin’s price back to fill the gap before any major move.
A bull trap is when Bitcoin rises fast, lures in buyers, then reverses sharply, leaving late buyers with losses.
Yes, KillaXBT suggests the drop to $115K was a liquidity hunt to shake out sellers before a possible bounce.
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