[Renowned Trader: Bitcoin Has Entered Accumulation Zone, Unlikely to Drop to $36,000-$48,000 Range] BlockBeats News, July 31 — Renowned trader Killa posted that Bitcoin is currently unlikely to experience the deep capitulation wick widely anticipated by the market, nor further drop to the $36,000-$48,000 range. He believes that during previous bear market cycles, Bitcoin typically forms three significant lows, with the last two being the most critical. Bitcoin previously swept the $59,000 level, showing slight bullish divergence, but failed to continue downward with significant momentum. If the market were indeed prepared to drop further to around $40,000, this decline should have already occurred. He asserts that Bitcoin is now clearly in an accumulation zone, with $57,000 serving as a key baseline for the overall bottom. While prices may briefly dip below this level, sustained downward movement to the extreme lows anticipated by the market is unlikely. Historical trends support this judgment, as Bitcoin has already swept key lows similar to previous cycles, and the importance of this signal may be underestimated by the market. [Original Link]