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

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BTC
$88,306.800.05%
Bitcoin’s support and resistance levels are now set between $90,500 and $91,300, according to Chainthink analyst Banmu Xia on December 12. A golden cross formed across the 5-day, 10-day, and 30-day moving averages. Investors who bought between $89,000 and $90,000 could target $98,000, $103,300, and $112,500 for profit-taking. However, the risk-to-reward ratio is too low for new long positions at these levels.
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