Analyst: Bitcoin May Find Support at $73K–$75K; Lower Imbalance Zone Need Not Be Filled

Odaily News: Analyst Killa posted on X that in a bull market, lower imbalance zones formed by strong upward moves typically do not necessarily get fully filled, and bottom impulse candles have historically often remained partially unfilled. He noted that after roughly two months of sideways trading, the market rose about 27%, accompanied by approximately $6 billion in short liquidations, and there is no inherent force driving the lower imbalance zone to be filled.

Killa said that if referencing a similar 2022 pattern, at most a partial fill could occur, corresponding to Bitcoin testing the low $70,000 range, but this is not a certainty. He believes Bitcoin is unlikely to revisit the $62,600 double-long entry level, nor does he expect a return to his publicly disclosed $65,800 spot average cost. In his view, an extreme pullback could reach around the high $69,000 level, while support is more likely to be found in the $73,000–$75,000 range, followed by a continuation of the uptrend toward $85,000.