Banmu Xia: Japan's rate hike is fully priced in, and $112,500 is a strong resistance level for bitcoin
ChainCatcher reported that Chinese crypto analyst Ban Muxia released a video stating that Japan's interest rate hike has been fully priced in by the market, and the future path of rate hikes remains to be observed. Ban Muxia once again emphasized that the two key prerequisites for being bullish on bitcoin are: the Federal Reserve expanding its balance sheet and bitcoin's technical pattern being in a consolidation phase.
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