Analyst KillaXBT Forecasts Bitcoin to Form Bottom in Coming Months, Predicts Sideways Trading Near $52K

According to KillaXBT on X, Bitcoin is likely to form a bottom in the near term and will trade sideways for the next few months before a bullish trend reversal, the analyst told his 206,800 followers on June 10. KillaXBT suggests BTC may tag the $52,000 level before entering a bullish trend, noting that historical bear market cycles typically see consolidation phases before trend reversals, with shallow pumps likely near term.

The analyst points to Bitcoin's percentage of supply in profit metric as a key indicator. At 47.91% as of today, this level mirrors previous market bottoms—2012 (47.77%), 2022 (47.98%), and 2019 (40.20%)—suggesting the market is close to finding a bottom. Bitcoin was trading at $61,557 at time of publication, down 1.6% on the day.