Bitcoin analyst Banmu Xia has identified crucial profit-taking levels for Bitcoin at $98,000, $103,300, and $112,500. This follows the formation of a golden cross among Bitcoin's 5-day, 10-day, and 30-day moving averages, which has established a support zone between $90,500 and $91,300. Xia advises that these levels are suitable for those who purchased Bitcoin between $89,000 and $90,000, but cautions against new long positions due to unfavorable risk-reward ratios.
Bitcoin Analyst Identifies Key Profit-Taking Levels Amid Golden Cross
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