[Renowned Trader: Has Started Going Long on Bitcoin, Predicts New Price High Before Next Halving, Target Price $160,000] BlockBeats News, June 5 — Renowned trader Killa (@KillaXBT) posted that he has officially opened a long position on Bitcoin, with a stop-loss price of $31,950 and a target price of $160,000. Killa believes that the proportion of profitable addresses at Bitcoin bear market bottoms has shown a gradual upward trend: 35.82% in 2015, 40.47% in 2019, 45.11% in 2022, and currently projected to be 51.12% in 2026, increasing by approximately 5% each time. The current position aligns with this trend, potentially signaling a price bottom. Killa also emphasized that his current position primarily consists of spot and low-leverage trades, and investors should remain cautious of pullback risks. Additionally, changes in holding structures have accelerated Bitcoin's bull and bear cycles. In the previous cycle, Bitcoin reached a new high before the halving, and this cycle may see another new high before the next halving in April 2028, with a final target price of $160,000. As a quantitative trader focused on BTC, Killa previously predicted the peak of this bull market in May 2025 and has over 180,000 followers on Platform X. In mid-April, he shorted Bitcoin at $74,688. [Original Link]