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Jack Yi, founder of crypto-focused investment firm LD Capital, said on X that Yi had consistently warned over the past month about the possibility of a Bitcoin correction.
Yi said BTC had successively lost support at $82,000 and $80,000 and was now nearing a break below $79,000. If that level also fails, Yi expects the next major support at $75,000, followed by $71,000. Yi added that the previous view remains unchanged that $57,000, recorded earlier, marked the final bottom of the current bear market. Yi said it is still difficult to identify the exact timing for buying the dip, but the focus should now shift to looking for low-price entry opportunities as market conditions continue to change.