Liquid Capital founder sees Bitcoin bull market, flags $86,000 resistance

  • Yi Lihua says Bitcoin’s pullback marks the start of a new bull-market trend.
  • $76,300 marked a significant support-zone test before Bitcoin rebounded.
  • $81,000 was the resistance Bitcoin failed to break a few days earlier.

Yi Lihua, founder of Liquid Capital, said Bitcoin’s recent pullback and rebound from $76,300 marked the start of a new bull market trend. He expects the price to continue rising after such pullbacks, while identifying about $86,000 as the next major resistance level. A failure to decisively break that area could bring another market correction and potential pullbacks for investors. Yi Lihua had previously forecast a retreat toward $75,500-$76,000 after Bitcoin failed to break the $81,000 resistance level a few days earlier, followed by a renewed rise after that region was tested. He cautioned that market conditions can change while maintaining an optimistic overall outlook. His comments are not investment advice.

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Liquid Capital founder sees Bitcoin bull market, flags $86,000 resistance - CoinPost Terminal