According to a December 19 update from COINOTAG News, Chinese analyst Banmuxia says the market has largely priced in the latest Japanese rate hike, while the trajectory of further hikes remains uncertain and warrants close observation. Liquidity shifts could continue to influence Bitcoin and the wider crypto markets.
Banmuxia reiterates two prerequisites for a bullish Bitcoin thesis: ongoing Fed balance sheet expansion and a technical regime where Bitcoin trades in a sideways consolidation. Together, these factors form the backbone of a measured, data-driven outlook rather than speculative bets.
From a technical view, Banmuxia points to a resistance corridor of roughly $98,600 to $107,000, with $112,500 as a notable ceiling. He cautions that rising market complexity during the move requires disciplined risk controls and clear support levels.
Source: https://en.coinotag.com/breakingnews/bitcoin-faces-key-resistance-of-98-6k-107k-banmuxia-highlights-112-5k-as-strong-level-amid-fed-expansion-and-sideways-consolidation
