Bitcoin may pull back before breaking $81,000 resistance, Liquid Capital founder says

Bitcoin has yet to break resistance near $81,000, and Liquid Capital founder Yi Lihua expects a modest pullback over the next few days before the cryptocurrency resumes its advance and moves above that level. He identifies about $86,000 as the next key resistance and plans to close his long positions (bets that prices will rise) if Bitcoin reaches that area. Yi expects the market could then face a relatively large correction, but still believes the bull-market trend has arrived. Even if he turns bearish in the short term, he says he would only close long positions rather than open short positions.

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