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Bitcoin's $81K Is 400-Day Moving Average Support, $84K Is 20-Day Moving Average Resistance

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Odaily News: Yi Lihua stated in a post that Bitcoin has 400-day moving average support near $81,000, and historically every pullback to this level has been followed by a rapid rebound; there is 20-day moving average resistance near $84,000, and if it breaks through quickly, it may retest the strong resistance level of $86,500, which is the $86,000 pullback point he has repeatedly focused on.

From a broader cycle trend perspective, Bitcoin is currently in a bull market uptrend, and he is even more bullish on Bitcoin entering a super bull market next year. The current price action is a phased pullback within an uptrend, so the strategy is to be bearish but not short.

This content is for informational and educational purposes only and does not constitute investment advice related to BTCC. BTCC makes every effort but cannot guarantee the truthfulness, accuracy, or originality of the content above.