Bitcoin has rebounded from a recent dip, reclaiming the $111,000 support zone and setting its sights on the $117,000 resistance level. This renewed momentum is fueled by increasing interest in DeFi applications and institutional investments. 3,968 BTC worth $437 million was sold by a large whale, with 96,531 ETH, valued at $443 million, bought in its place. This reflects a shift towards Ethereum holdings, as the whale amassed over 641,000 ETH ($2.94B) over just one week. The market is positioned between the support of $96,100 and the resistance of $123,200. 85% of Bitcoin’s current trading range falls within this zone. A key insight for traders is that the price has held above $110,700–$111K, suggesting a potential continuation toward higher targets if momentum continues