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Analyst: Bitcoin Faces Strong Resistance at $112,500 Amid Japan's Rate Hike Digestion

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BTC
$89,040.300.88%
Bitcoin analysis shows the price facing a strong resistance level at $1,125,000, according to crypto analyst Banmu Xia. The market has already priced in Japan’s recent rate hike, with focus now on the Fed’s balance sheet and Bitcoin’s consolidation pattern. Technical analysis points to a key resistance range between $986,000 and $1,070,000, with $1,125,000 as a critical level. Market conditions remain complex during the breakout attempt.
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