<ul><li>Bitcoin surged to a high of $107,760, gaining over 3% on the week and sparking bullish excitement.</li><li>The rally was driven by a surge in open interest and trading volume, particularly in the perpetual futures market. Analysts urge caution despite the encouraging upward momentum.</li><li>Technical charts indicate the $106,500–$107,000 zone as a key barrier, which needs to be overcome for a strong uptrend. BTC volume surged by over 26% in the past 24 hours.</li><li>Analysts emphasize the need for sustainable strength above $107K and a potential reset of leverage before considering significant upside targets. Bitcoin's total market cap nears $2.14 trillion.</li></ul>

Bitcoin Breaks Out Above $107K as Momentum Builds, But Analysts Urge Caution

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