PANews October 3, a trader known as Killa said in a post that this year’s highest target for Bitcoin is $97,000. Over the rest of the year, the price may continue to trade sideways below $97,000, but the uptrend in this cycle is more parabolic than in previous cycles, and the start time is also earlier. Killa said that the range of $80,000 to $83,000 is crucial—its importance is often underestimated by most people: if the price clearly breaks below this support level, the next possible target range would be $74,000 to $77,000. This is likely to become the “panic-sell” bottom before the price ultimately surges toward $97,000. However, if the current upward momentum can be sustained, the pullback may be much shallower—perhaps falling only to just above the $80,000 level—after which the next round of gains would begin. Killa emphasized that he has already opened a 10x leveraged long position at the $83,500 price level, and if some form of panic selling does occur in the fourth quarter, he may consider increasing his BTC spot holdings and long positions.