Banmuxia: Bitcoin is expected to rise to $103,500–$112,500 in the next month

ChainCatcher news, Chinese crypto analyst Banmuxia stated in a post, "Bitcoin experienced a surge early this morning, but the amplitude was insufficient. Looking at it now, the rise from $80,500 is a leading wedge. At the same time, the $89,000-$90,000 range is a relatively strong support level. The market projects the upward target for the next month to be between $103,500 and $112,500. The process may still be very volatile."