Li Yihua: Bitcoin has a strong support level at its 400-day moving average of $81,000, and the current pullback is a temporary correction within the ongoing uptrend.

Yilihua, founder of Liquid Capital, stated that Bitcoin has a strong support level at the 400-day moving average of $81,000, with quick rebounds every time it dips to test this level. Meanwhile, Bitcoin faces a 20-day moving average resistance at $84,000; a decisive breakout would lead to a retest of the key resistance at $86,500, the widely-watched $86,000 correction point. Bitcoin’s price movement is neither linear in rallies nor declines. From a long-term trend perspective, Bitcoin is current

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