Bitcoin Rally Continues as Liquid Capital Founder Sees Signs of a Local Bull Market

Foresight News posted on X (formerly Twitter). Liquid Capital founder Yi Lihua, known as @Jackyi_ld, said the market remains bullish and compared current conditions with the period before the 2020 bull market. He said Bitcoin has risen for five consecutive days since the rally began on August 17 and entered a correction phase on August 22, lasting about 19 days. He described the move as a normal pullback within an uptrend, noting a wide $6,000 range between $76,300 and $82,300. He said resistance is around $82,300. Yi added that there is no bull market with a straight-line rise and said traders should not short during a bull trend while closely watching daily chart corrections. Beyond the broader market, he said RH chain activity, ZEC-related tokens, and trading tokens have shown signs of a local bull market. He said these signals suggest the market now resembles the eve of the 2020 bull run.