<ul data-eligibleForWebStory="false"><li>Bitcoin (BTC) price is currently consolidating around $108,000 as indicators suggest a potential breakout in the market.</li><li>Technical indicators on the 1-hour and 4-hour BTC/USD charts hint at a bullish outlook, with key support levels at $107,800 and $106,300.</li><li>Analysts believe that if Bitcoin breaks above $116,000, it could rally towards $165,745, with potential gains of 52.5% from current levels.</li><li>Factors like the upcoming Bitcoin halving, whale activity, ETF developments, and Bitcoin being viewed as a hedge against inflation contribute to the bullish sentiment in the market.</li></ul>

Bitcoin (BTC) Price Prediction: Bitcoin Inches Toward Breakout Zone—$165K in Sight?

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