As Bitcoin (BTC) experiences a steady price recovery, prominent market analyst known as KillaXBT on X forecasts a notable correction in the near future.
Historical Trends Indicate Monthly 8% Price Drops for Bitcoin
On December 12, KillaXBT shared insights suggesting that Bitcoin may soon face a price pullback. The analyst highlighted that over the past five months, BTC has consistently seen an approximate 8% decline following the 14th day of each month. This recurring pattern is referred to by KillaXBT as the “14th Pivot,” which now plays a crucial role in short-term BTC price movements. Since reaching a low point near $80,000 in late November, Bitcoin has been trading within an upward channel characterized by higher lows and highs.
However, according to KillaXBT’s forecast, this channel could be broken soon, potentially interrupting the current upward momentum. Based on this repeating trend, investors should prepare for at least a 5% drop after December 14th — possibly revisiting levels between $85,000 and $86,000.
This expected dip might only represent a brief retracement within an overall bullish framework. Yet given the extended correction witnessed earlier in Q4 of this year, there remains potential for deeper declines if buying pressure diminishes significantly.
Could BTC Fall Below $50K?
KillaXBT also presented more bearish scenarios on X recently. The analyst anticipates that despite recent gains Bitcoin might bottom out around $48,905 — roughly coinciding with its value when BlackRock’s IBIT ETF and eleven other spot ETFs were approved back in January 2024.
This projection stems from understanding that institutional inflows have heavily supported the current bull run. Notably, Bitcoin Spot ETFs hold substantial assets totaling approximately $119.18 billion; BlackRock’s IBIT alone commands over half with net assets of about $71 billion and cumulative inflows nearing $62.7 billion.
If prices retreat to pre-ETF approval levels it would imply nearly a 46% decrease from today’s market values — signaling possible sharp reversals among institutional investors rather than retail traders. This shift could trigger another crypto winter driven primarily by sustained ETF outflows instead of widespread retail sell-offs.
At present time reporting, Bitcoin trades around $90,348, a decline close to </span;2.18%.
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