Analyst: $108,000 to $118,000 may become a key support zone for Bitcoin
ChainCatcher reported that crypto analyst CrediBULL Crypto stated that bitcoin has broken through its previous high, entering a new phase towards $150,000, but a pullback to the $108,000 to $118,000 range cannot be ruled out. If the price retraces to this area, it should become the strongest demand zone, as most entities will attempt to close losing short positions at breakeven or buy back their positions after the market structure has broken upwards.
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