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Hanmuxia: The Bitcoin profit-taking targets are set at $98,000, $103,300, and $112,500, with dynamic adjustments based on judgment

Dec 12, 2025 14:53:57

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Chinese cryptocurrency analyst Banmuxia stated, "In terms of Bitcoin's daily chart, the MA5, MA10, and MA30 have formed a golden cross, thus establishing a subsequent support area in the range of $90,500 to $91,300.

If one has previously gone long on Bitcoin in the range of $89,000 to $90,000, the levels of $98,000, $103,300, and $112,500 can be seen as planned take-profit points, adjusting judgments based on market dynamics. However, the take-profit levels are no longer suitable entry points for going long, as the risk-reward ratio is very low."

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