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.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Norwegian Krone: Stronger NOK profile into 2027 – Nordea
Report: CoreWeave’s three founders cashed out $3.3 billions before stock price crash
The three co-founders of CoreWeave have cumulatively cashed out over $3.3 billion since the company went public, while its current stock price has plummeted more than 50% from its peak. At present, the company's bonds maturing in 2032 have fallen into distressed territory, with CDS spreads surging to 1,117 basis points, implying a default probability of 63%. Market concerns about its ability to repay debt are now spreading along the financing chain of AI computing power leasing.
BRIEF-Union Pacific CFO Jennifer Hamann To Step Down
Crypto prices
More
