Bitcoin Price Action: Key Zones Traders Are Watching
Fresh analysis from Chinese market commentator Ban Mu Xia points to an interesting shift on Bitcoin’s daily chart: the MA5, MA10, and MA30 have formed a golden cross, adding strength to BTC’s current uptrend.
This crossover has carved out a solid support range at $90,500–$91,300, an area the market is treating as a short-term defensive line.
For traders who entered around $89,000–$90,000, the chart now shows three potential profit-taking targets as momentum builds:
$98,000
$103,300
$112,500
These aren’t buy zones anymore—BTC’s risk-to-reward has shifted after the run-up—so chasing at those levels may not offer the same edge.
As always, adjust targets as market conditions evolve. Bitcoin rarely moves in straight lines.
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