Analysts: Bitcoin will hit 150,000 USD in the next round of "explosive" rise.

On October 6, crypto analyst "CrediBULL Crypto" stated that after reaching a new historical high on Sunday, Bitcoin may see further rises in the coming weeks. "Now that we have made a new high in a strong way, the next round of hitting over $150,000 has begun." The analyst said we will "break through" the current level directly, implying that another high may occur this week, but also did not rule out the possibility of a pullback to the $108,000 to $118,000 range. "If the price pulls back to the $108,000 to $118,000 range, that is a great opportunity to enter a position; if not, then enjoy the ride to over $150,000." Long-term trader "Crypto Chase" also expressed a similar view, predicting on Sunday that "the possibility of a new round of pumping is very high." He added that if Bitcoin is indeed strong, "the pullback will be very limited." BTSE platform COO Jeff Mei stated, "We believe that due to the U.S. government shutdown and other currency pressures, investors may see Bitcoin as a safe-haven tool, thus diversifying away from the dollar and U.S. bonds." He added that the dollar is depreciating, and if interest rates fall further, it could depreciate even more, "It is logical for investors to allocate more funds to other currencies and Bitcoin."