On December 15th, Chinese crypto analyst Banmu Xia released an analysis video stating that although Bitcoin fell below $90,000, the trend remains intact. Multiple moving averages on the 4-hour chart have converged to form a key resistance level (around $90,500). A break above this level would be a key bullish signal.
In addition, Banmu Xia lowered the profit-taking points to $96,200, $101,600, $110,000 and $112,500 respectively (previously $98,000, $103,300 and $112,500, subject to dynamic adjustment). She also reiterated that with improved liquidity, assets such as Bitcoin are still likely to rise.
