Yi Lihua said on X that Bitcoin's correction is far from finished, noting the price has fallen below its 20-period moving average on the 4-hour chart and is down across the 15-minute, 1-hour, 4-hour and daily timeframes. He said patience is needed rather than constant trading, adding that missing a move is better than making a wrong one.
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 pullback is far from over
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