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Analyst: $108,000 to $118,000 Could Become Key Support Zone for Bitcoin

Summary: According to reports, crypto analyst CrediBULL Crypto stated that Bitcoin breaking its previous high has initiated a new phase towards a $150,000 surge, but does not rule out the possibility of a pullback to the $108,000 to $118,000 range. If the price retraces to this area, it should become the strongest demand zone as most ...

According to reports, crypto analyst CrediBULL Crypto stated that Bitcoin breaking its previous high has initiated a new phase towards a $150,000 surge, but does not rule out the possibility of a pullback to the $108,000 to $118,000 range. If the price retraces to this area, it should become the strongest demand zone as most entities attempt to close out losing short positions at breakeven or repurchase their positions in a market structure that has already broken upwards.

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