Analyst Banmuxia Sees Bitcoin Support at $89,000–$90,000 and Targets $103,500–$112,500 Over Next Month

Chinese crypto analyst Banmuxia said on Dec. 11 that Bitcoin's early-morning rally lacked sufficient momentum and described the advance from $80,500 as forming a leading wedge, BlockBeats reports. The analyst identified the $89,000–$90,000 area as a relatively strong support zone and noted that market projections for the next month point to an upside target between $103,500 and $112,500. Banmuxia added that the price path toward this range could remain highly volatile.