Han Mu Xia: Japan's Interest Rate Hike Fully Priced In, Bitcoin $112,500 Seen as Strong Resistance
BlockBeats News, December 19th, Chinese crypto analyst Banmuxia released a video stating that the market has fully digested the Japanese interest rate hike, and the future interest rate hike path still needs to be observed.
Banmuxia once again emphasized that the two key premises for being bullish on Bitcoin are: the Fed's balance sheet expansion and Bitcoin's technical formation being in a sideways consolidation phase. Through technical analysis, Banmuxia believes that the key resistance range for Bitcoin is between $98,600 and $107,000, with $112,500 being a strong resistance level, but the market complexity during the process is high.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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