LD Capital founder sees $81K as strong BTC support, super bull market next year

Jack Yi, founder of crypto investment firm LD Capital, said Bitcoin is finding strong support at $81,000 around its 400-day moving average and predicted a bull market will begin next year. Yi said $81,000 is a key support level where the 400-day moving average sits, adding that Bitcoin has repeatedly rebounded quickly whenever its correction has reached that price range. Yi also said resistance has formed at $84,000 along the 20-day moving average, and a quick break above that level could lead BTC to retest a strong resistance zone at $86,500. Bitcoin remains in a long-term bullish uptrend, Yi said, describing the current decline as a temporary correction within that broader rise and adding that both gains and losses do not unfold all at once. Yi said this is why Yi does not take short positions even while expecting near-term weakness.