Bitcoin is inching closer to the $107.5K resistance level, with bulls pushing for a potential breakout toward the $117K target. However, a downturn could occur at the $103.5K support zone. Analysts attribute this surge in price to increasing DeFi activity and institutional interest. While the market is awaiting decisive movement, recent gains have spurred market watchers to anticipate a sustained upward trend if Bitcoin can break above resistance. A successful move above the $107.5K threshold could pave the way for further price increases, potentially reaching $117K levels not seen in months. Key resistance at $107.5K acts as a crucial indicator of near-term momentum, with traders closely monitoring potential breakout signals.