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Crypto

Bitcoin Bull Market Trend Confirmed by Chinese CEO at $86,000

Guavy AI Editorial Team
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BTC
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Yi Lihua, founder of Liquid Capital, believes that Bitcoin has entered a bull market trend. After a recent pullback, investors should closely monitor the $86,000 level as it could confirm this new trend. The CEO stated that the drop to $76,300 was a test of a significant support zone and that the rebound from this level was in line with expectations.

Lihua emphasized that he expects the price to continue its upward trend after these pullbacks. However, if Bitcoin fails to strongly overcome the $86,000 resistance level, it could lead to a new correction in the market.

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