Bitcoin's Resistance Levels Analyzed Amid Market Developments

According to PANews, crypto analyst Ban Muxia has released a video discussing the implications of Japan's interest rate hike, which has been fully absorbed by the market. The future path of interest rate changes remains to be observed. Ban Muxia reiterated that two key conditions for a bullish outlook on Bitcoin are the Federal Reserve's balance sheet expansion and Bitcoin's technical pattern being in a lateral consolidation phase. Through technical analysis, Ban Muxia identified Bitcoin's critical resistance levels as ranging from $98,600 to $107,000, with a strong resistance at $112,500. However, the market dynamics are expected to be complex throughout this process.