Huo Xing Finance reports that on October 13, Yi Lihua, founder of Liquid Capital, posted that Bitcoin has strong support at the 400-day moving average around $81,000, and each pullback to this level triggers a rapid rebound. Meanwhile, the 20-day moving average acts as resistance around $84,000; if breached quickly, Bitcoin will retest the strong resistance at $86,500—the recurring $86,000 pullback level we’ve been monitoring. Price movements are never linear—neither upward nor downward. From the perspective of Bitcoin’s long-term trend, we are currently in a bull market uptrend, with even stronger optimism for a super bull market next year. This current pullback is merely a temporary correction within the broader upward trend, and the rationale for being bullish but not shorting stems from this outlook.
Yi Lihua: Bitcoin Faces 400-Day MA Support at $81,000 Amid Bullish Outlook
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Summary
Yi Lihua highlighted Bitcoin’s key support level at $81,000, aligning with the 400-day moving average. He noted that the asset typically rebounds from this support and resistance zone. The 20-day MA at $84,000 acts as resistance, with a breakout likely to push Bitcoin toward $86,500. Yi remains bullish, expecting a strong uptrend and a potential supercycle by 2027.
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