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

PANews, October 6th news, crypto analyst CrediBULL Crypto stated that Bitcoin has broken through its previous high, entering a new stage of rising to $150,000. However, the possibility of a pullback to the range of $108,000 to $118,000 cannot be ruled out. If the price pulls back to this area, it should become the strongest demand zone, as most entities attempt to close positions on losing short positions at breakeven, or repurchase their positions in the case where the market structure has broken upward.