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Yi Lihua: Bull trend has begun, but Bitcoin resistance near $86K

Yi Lihua, founder of Liquid Capital, said on X that Bitcoin rebounded from support at $76,300, and after the pullback, it continues to rise. He sees resistance still near $86,000, and if it fails to break above strongly, a pullback opportunity may be considered. He believes the bull market trend has already started.

Original source

AI take

The note reflects a technical view that the recent bounce off support is part of a broader uptrend, but the immediate ceiling at $86K is the key level to watch. For market participants, the significance lies in whether price action confirms a breakout or stalls, which would signal consolidation rather than trend continuation. The open question is whether momentum can overcome that resistance decisively, as failure would likely invite range-bound behavior. This is a typical trader's framing, but it underscores that sentiment is cautiously bullish while technical hurdles remain.

Generated by AI for reference only.

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