Famous trader: Bitcoin's yearly high is 97,000; if it falls below 80,000 in the short term, a bottom of 74,000 USD can be expected

Renowned trader Killa posted that he expects Bitcoin's peak this year to reach $97,000, with most of the year remaining below that price level in a range-bound movement.

Killa stated that in the short term, $80K-$83K is critical for Bitcoin. If it falls below that, the next possible range will be $74K-$77K. That could very well be the last capitulation bottom before pushing towards $97K.

However, if the strength continues, the pullback could be much shallower, possibly only down to the low of $80K, followed by the next wave of increase.