The price of Bitcoin has remained stable since November, trading at around $96,500 and sitting 12% below its highest level this year. Concerns about high inflation and a strong labor market have contributed to Bitcoin's stagnant price. Investors have been cautious, leading to outflows in spot Bitcoin ETFs. However, technical indicators suggest that once the consolidation phase ends, Bitcoin may experience further upside, with potential rebound targets at over $122,000 and even $148,000 according to some analysts.



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