A prominent trader has stated that Bitcoin has entered an accumulation range, and is not expected to retest the $36,000 to $48,000 zone.

Well-known trader Killa stated in a post that Bitcoin is unlikely to see the deep capitulation wick widely anticipated by the market, nor will it fall further to the $36,000–$48,000 range. He noted that in past bear cycles, Bitcoin typically forms three key lows, with the last two being the most critical. Bitcoin previously swept the $59,000 level, showing a minor bullish divergence, but failed to break lower with significant momentum afterward. If the market were indeed preparing to drop further toward $40,000, that decline would have already occurred, he argued. Killa believes Bitcoin is now clearly in an accumulation zone, with $57,000 acting as a key benchmark for the overall bottom. Prices could still dip briefly below this level, but a sustained plunge to the extreme lows the market expects is not anticipated. Historical trends support this view: Bitcoin has swept key lows as it did in every prior cycle, and the significance of this signal may be underestimated by the market.