Hanuka: Japan's interest rate hike has been fully priced in; $112,500 is a strong resistance level for Bitcoin.
TL;DR
Analyst Hanuka states Japan's rate hike is priced in, with Bitcoin's bullishness hinging on Fed balance sheet expansion and sideways consolidation. Key resistance is $98,600-$107,000, with $112,500 as a strong level.
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PANews reported on December 19th that crypto analyst Hanuka Natsumi released a video stating that the market has fully priced in Japan's interest rate hike, and the future path of rate hikes remains to be seen. Hanuka reiterated that two key prerequisites for being bullish on Bitcoin are: the Federal Reserve's balance sheet expansion and Bitcoin's technical pattern being in a sideways consolidation phase. Through technical analysis, Hanuka believes that Bitcoin's key resistance level is in the $98,600 to $107,000 range, with $112,500 being a strong resistance level, but the market situation is highly complex.