Analysts: $108,000 to $118,000 may become a key support zone for Bitcoin

ChainCatcher news, crypto analyst CrediBULL Crypto stated that Bitcoin has broken through its previous high, entering a new phase towards $150,000, but does not rule out the possibility of a pullback to the $108,000 to $118,000 range. If the price pulls back to that area, it should become the strongest demand zone, as most entities will try to close their losing short positions at breakeven or repurchase their positions in the case where the market structure has broken upward.