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Bitcoin Price Prediction: Bulls Defend $108K as $165K Target Looms

  • Bitcoin price hovers around $108,000 with strong support near $104,000–$108,000 range.
  • 1.68 million addresses support BTC at current prices, signaling confidence among previous buyers.
  • Futures market volume exceeds spot volume 4 to 1 on Binance, indicating high speculation and potential short-term volatility.
  • Analysts predict a potential breakout to $165,745 if Bitcoin surpasses $116,652 resistance, but failure could lead to downside pressure.

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