Yi Lihua said Bitcoin lost $82,000 and the next support sits at $79,000, adding that the pullback looks far from over and a drop below $79,000 is more likely, with $75,000 the level to watch after that. He said he stayed out of shorts because the trend is still bullish.
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.
Headlines only, oldest first. Open a headline for the full update and the outlet it came from.
Yi Lihua says Bitcoin looks likely to fall below $79,000
More Bitcoin updates
Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Updates are joined into one story by AI; our editors can change a story’s name or take an update out. Not investment advice.
Breaking news and our own Originals on your phone or desktop, the moment they are out. A few alerts a day at most.
