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Banmu Xia: Bitcoin moving averages are converging to form a key resistance. A breakout will signal a crucial bullish indication.
BlockBeats News, December 15 — Chinese crypto analyst Ban Mu Xia released an analysis video today stating that although Bitcoin has fallen below @9@0,000 USD, the overall trend remains intact. Multiple moving averages on the 4-hour chart are converging to form a key resistance level (around @9@.05 million USD), and a breakthrough would signal a critical bullish sign. Additionally, Ban Mu Xia lowered the take-profit points to @9@.62 million, @10@.16 million, @11 million, and @11.25 million USD (previously set at "@9@.8 million, @10.33 million, and @11.25 million USD, with dynamic adjustments"), and emphasized once again that with improved liquidity, assets like Bitcoin are still highly likely to rise.
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