Bitcoin Bull Market Confirmed: Yi Lihua Targets $86,000 Resistance Level

According to Yi Lihua, the founder of Liquid Capital, a bull market trend has begun in Bitcoin following its recent pullback. He believes that investors should closely monitor the $86,000 level as it is the next major resistance for Bitcoin.

Liquid Capital's CEO stated that the recent drop to $76,300 was a test of a significant support zone, and the rebound from this level was in line with expectations. Yi Lihua expects the price to continue its upward trend after these pullbacks.

He noted that if Bitcoin fails to strongly overcome the $86,000 resistance level, it could lead to a new correction in the market, making potential pullbacks a consideration for investors. Despite this possibility, Yi Lihua remains optimistic about the overall outlook and believes current price movements indicate the start of a new bull market trend.