According to ME News, on October 13 (UTC+8), Jack Yi, founder of Liquid Capital, tweeted that Bitcoin has strong support at $81,000 along the 400-day moving average, with rapid rebounds occurring each time the price touches this level. Meanwhile, $84,000 represents resistance along the 20-day moving average; a swift breakout above this level could retest the strong resistance at $86,500—the recurring "pullback level" he has mentioned at $86,000. Uptrends are not straight lines, nor are downtrends. From a longer-term perspective, Bitcoin is currently in a bull market uptrend, with even greater optimism for a super bull market next year. This current phase is merely a temporary pullback within the broader upward movement—a rationale that underpins the strategy of "bullish but not shorting." (Source: Foresight News)
Jack Yi of Liquid Capital Predicts Bitcoin in a Bullish Trend, Foresees a Super Bull Market in 2027
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Summary
Bitcoin news: Jack Yi of Liquid Capital highlighted a bullish trend for Bitcoin, noting key support at $81,000 and resistance at $84,000. He said a swift breakout above $84,000 could propel Bitcoin toward $86,500. Yi views Bitcoin as being in a bullish cycle, with a super bull market likely in 2027. He added that the current phase is a correction within the broader uptrend.
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