Trader Killa Links Bitcoin Bull Market Entry to $69,500 200-Day MA Breakout

Killa cites BTC's return above 0.8 Mayer Multiple and compares current setup to 2022 recovery, identifying the $69,500 200-day MA as the key bull market trigger.

Woofun AI reports that trader Killa observes Bitcoin has reclaimed the 0.8 Mayer Multiple level following a prior breach. He draws a parallel to 2022, when BTC dipped below this threshold before recovering, noting that the definitive bull market signal emerged only after price sustained control above the 200-day moving average. With the current 200-day MA situated near $69,500, Killa asserts that a decisive breakout and hold above this level would officially mark the start of a bull market.