易理华 Sees Bitcoin Support at $75,000 and $71,000 if $79,000 Fails

Liquid Capital founder 易理华 named $75,000 and $71,000 as Bitcoin’s next support levels if the cryptocurrency falls below $79,000, while maintaining that $57,000 marked the current bear-market bottom.

In an Oct. 26 post, 易理华 said Bitcoin had lost support at $82,000 and $80,000 and was nearing a break below $79,000. He identified $75,000 as the next support level, followed by $71,000 if the decline continues. The view adds a lower level to his earlier assessment of $79,000 as Bitcoin’s next support.

易理华 said Liquid Capital still considers $57,000 the bear market’s bottom. He gave no timing for when a buying opportunity might arrive, saying the market continues to change.