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Yi Lihua says Bitcoin looks likely to fall below $79,000

NewsFeeds update

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.

BitcoinOdailyAIBearish

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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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  1. Yi Lihua says Bitcoin looks likely to fall below $79,000

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