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Bitcoin Analyst Sets Target Profit-Taking Levels at $98,000, $103,300, and $112,500

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Bitcoin analyst Banmu Xia highlighted key **support and resistance** levels after Bitcoin’s 5-day, 10-day, and 30-day moving averages formed a golden cross, establishing a support zone between $90,500 and $91,300. For those who bought between $89,000 and $90,000, $98,000, $103,300, and $112,500 are potential **take profit strategy** levels. However, Xia warned these levels are not ideal for new long entries due to poor risk-reward ratios.
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