Yi Lihua wrote that Bitcoin has 400-day moving average support near $81,000, a level that has produced quick rebounds after past pullbacks, with resistance near $84,000 at the 20-day average. He said a fast break above that could retest $86,500, and that he remains bearish in view but is not shorting.
The story so far: Yi Lihua bitcoin pullback calls
Liquid Capital founder Yi Lihua warned of a Bitcoin pullback near $86,000 and stayed in cash, then turned bullish, calling a bull run with a $120,000 target. He now says Bitcoin has broken above $80,300 and held its 20-day moving average, needing a strong break above $82,600 for a second uptrend wave.
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Yi Lihua says Bitcoin holds 400-day support near $81,000
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