Hanmu Xia: Bitcoin is expected to rise to between $103,500 and $112,500 in the next month

Chinese cryptanalysis expert Banmuxia stated, "Bitcoin had a surge early this morning, but the magnitude was not enough. Looking at it now, the rise from $80,500 is guiding a wedge. Meanwhile, $89,000-$90,000 is a relatively strong support level. The market indicates that the potential rise in the next month is between $103,500-$112,500. The process may still be very tortuous."