Crypto analyst Hanuka Natsumi has indicated that Japan's recent interest rate hike has been fully priced into the market, leaving the future trajectory of rate adjustments uncertain. In a video released on December 19, Hanuka emphasized that for Bitcoin to enter a bullish phase, two conditions must be met: an expansion of the Federal Reserve's balance sheet and Bitcoin's technical pattern remaining in a sideways consolidation phase.
Through technical analysis, Hanuka identified Bitcoin's key resistance levels between $98,600 and $107,000, with $112,500 marked as a particularly strong resistance point. Despite these insights, Hanuka noted that the market environment remains highly complex, suggesting caution for traders navigating these conditions.
Bitcoin Faces Strong Resistance at $112,500 Amid Japan's Rate Hike Pricing
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