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Bitcoin might pull a trap move by dipping first and then quickly bouncing back up.
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Crypto trader KillaXBT sees a possible liquidity hunt near $117K that could trigger sudden moves.
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However, if Bitcoin fails to hold above key levels, deeper fall to $113K is possible.
Bitcoin ended last week in a strong way. But some smart traders are warning that it might be a trick. A popular crypto trader named KillaXBT says that Bitcoin may be getting ready to move in a way that fools both buyers and sellers. It could drop first to scare people, and then go up. Or it could rise fast and then fall.
He also points to a price gap near $117,000, which could act like a magnet.
Let’s break it down.
Last Week’s Moves Gave Early Clues
Before this week even begin, KillaXBT had already posted two likely ideas for Bitcoin’s path. In the first idea, he expected Bitcoin to open strong, dip slightly near $116,000, and then bounce higher.
Meanwhile, in the second idea, Bitcoin would fall even deeper, around $114,800, take out weak hands, and then bounce up hard.
Out of the two, KillaXBT said the first idea was more likely. And last week, Bitcoin did dip to around $115,000, suggesting that the trap might have already happened.
However, he also gave a warning: if Bitcoin fails to stay above recent lows, it could fall deeper, into the $112,000–$113,800 zone. That risk is still on the table.
Watching the $117K Price Gap
Last week’s dip to $115,800 was not just a random drop. According to KillaXBT, it was a smart “liquidity hunt”—a trick move to remove seller from the market before heading up again.
For this week, the focus is on a key price gap near $117,316, which is the CME gap. KillaXBT believes this level could pull the price back like a magnet. So even if the price rises for a bit, it might return to this level to “fill the gap.”
This Week: Two Big Scenarios Again
Keeping things in mind KillaXBT shared a two key possible scenario for this week for bitcoin. His first scenario suggests Bitcoin might dip early in the week to form a higher low, then bounces back strongly. This move would shake out late buyers and set up a clean path for a bigger upward move.
$BTC | Weekly Analysis Report
Currently, BTC closed the weekly candle strongly, and the CME gap aligns closely with the previous weekly open. This area will likely serve as a key level for Continuation. There’s significant liquidity sitting around 121K, which is also likely to… pic.twitter.com/nRlGNtNi1I
— Killa (@KillaXBT) July 28, 2025
And the second scenario suggest that Bitcoin will rise fast to $120K–$121K, but it turns out to be a bull trap. This means people buying late might get stuck if the price suddenly drops.
KillaXBT points to a danger zone between $119,300–$119,700. If Bitcoin gets rejected here, it could fall again to fill that $117K gap.
As of now, Bitcoin is trading around $118,909, showing a slight increase in the past 24 hours.