Will Bitcoin Hold $107.5K Support After Failing to Break Above $113K Resistance?

Bitcoin is experiencing price action at the key levels of $107,500 and $104,900 as analysts closely monitor a potential breakout or dip ahead of the weekly close. analysts are attributing the recent surge to expanding DeFi applications and increasing institutional interest. 1 A textbook bullish ABCD harmonic pattern suggests potential upside with targets of $110,000 and $114,000 if BTC breaks above resistance.