Bitcoin may face a modest short-term pullback after failing to break resistance near $81,000, according to Liquid Capital founder JackYi. He said the market could resume its uptrend afterward, break through $81,000 and target the next resistance zone around $86,000.
JackYi said his team plans to close long positions near $86,000, which he described as a level likely to trigger a larger correction. Despite the resistance outlook, he said the broader bull market trend remains intact and that he is not considering short positions.
Trader JackYi Sees Brief Bitcoin Pullback Before Push Toward $86,000
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