Trader Killa Says USDT.D Rejection May Signal a Bitcoin (BTC) Low

Trader Killa said a rejection in the USDT.D measure may mean Bitcoin (BTC) has already formed a low, although his chart analysis still allows for a pullback to $77,000 to $78,000. USDT.D measures USDT’s share of market capitalization. Killa said the measure retested the 0.786 Fibonacci level and then faced a strong rejection. He interpreted that move as a sign that Bitcoin’s low may already be in. A chart pattern in his analysis leaves open a further move down to the $77,000 to $78,000 range. That possibility sits alongside his more optimistic reading of USDT.D, so his comments do not rule out another decline. Killa also said simply taking a long position is easier than trying to time a short precisely in a trending market. The comments were dated Nov.

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