Recent market developments suggest Bitcoin could experience a price jump this week, according to expert opinions. Key factors driving this potential surge include the $116,963 level acting as both resistance and potential support for the price, with sustained momentum possibly shifting the latter into strong support. Analysis from Glassnode shows that Bitcoin’s most important price point is at $116,963, which may act as a resistance barrier or a critical point of turning to an upward trend. Expert Donald Dean predicts Bitcoin could target $123,000 and $131,000, aligning with Fibonacci extensions. Metaplanet’s recent purchase of 755 BTC worth $93 million highlights institutional interest in the cryptocurrency.