Bitcoin Faces Potential Downtrend Without Key SMA Recovery

On April 23, renowned trader Killa (@KillaXBT) stated that Bitcoin must successfully reclaim and maintain above the 111-day Simple Moving Average (SMA) to confirm a trend reversal. According to BlockBeats, without this recovery, Bitcoin remains at risk of a significant pullback within the long-term bearish framework on weekly and monthly charts, making bullish positions inadvisable. Killa, a quantitative trader focused on Bitcoin, accurately predicted the peak of the current bull market in May 2025. He has over 180,000 followers on the X platform. In mid-April, Killa shorted Bitcoin at $74,688, a position that is currently under pressure.