Yi Lihua says Bitcoin is undergoing a corrective phase within an uptrend
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Yi Lihua believes that Bitcoin is undergoing a corrective phase within an uptrend, with support around 81000 USD.
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Yi Lihua: Bitcoin is currently undergoing a corrective phase within an uptrend, 81000 USD with 400-day moving average providing strong support
PANews October 13 reported that Liquid Capital founder Yi Lihua said that Bitcoin has 81000 USD strong support around 400 formed by the -day moving average; each previous correction that reached this level was followed by a rapid rebound. Above, 84000 USD is 20-day moving average resistance. If the price breaks through rapidly, it will need to retest 86500 USD strong resistance level, which is also the 86000 USD correction point he has repeatedly mentioned. Yi Lihua noted that neither upward nor downward movements will be a straight line. From a longer-term perspective, Bitcoin remains in a bullish uptrend, and he is particularly optimistic about next year's super bull market. The current move is a corrective phase within the uptrend, which is the basis for his logic of “being bearish without shorting.”
PANews October 13 reported that Liquid Capital founder Yi Lihua gave his assessment of Bitcoin's price trend.
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Yi Lihua said that Bitcoin has support around 81000 USD formed by the 400-day moving average.
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Yi Lihua said that each previous correction that reached this level was followed by a rapid rebound.
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Yi Lihua regards 84000 USD as 20-day moving average resistance, and said that if the price breaks through rapidly, it will need to retest 86500 USD strong resistance level.
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Yi Lihua believes that, from a longer-term perspective, Bitcoin remains in a bullish uptrend, and that the current move is a corrective phase within the uptrend.
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Yi Lihua said he is particularly optimistic about next year's super bull market and summarized his logic as “being bearish without shorting.”
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This is an individual market opinion. Yi Lihua regards the area around 81000 USD as a support zone where the price may stop falling and rebound, and regards 84000 USD and 86500 USD as levels where the price may encounter resistance during an advance. He remains cautious about the short-term trend but holds a bullish view over a longer time horizon.
Why it matters to readers
The support and resistance levels listed in the article can serve as references for observing market trends: whether the price can hold 81000 USD, and whether it can break through 84000 USD and 86500 USD, will affect whether subsequent price action supports this assessment.
Beginners can use this to understand technical-analysis concepts such as support levels, resistance levels, and moving averages, but should not treat an individual forecast as a certain outcome or a direct trading instruction.
Risks and unknowns
81000 USD Whether the support at
is effective was not independently verified with market data in the original text.
The claim that each previous touch of this level was followed by a rapid rebound was not accompanied by specific counts or historical records in the original text. 84000 USD Whether Bitcoin can break through 86500 USD and test
remains uncertain.
The material is a paraphrase by PANews of Yi Lihua's views and does not provide the complete original statement.
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Related concepts
Support level
An area where a price decline may stop or trigger a reaction.
