Bitcoin Bullish Momentum Targets $108K and $120K Amid Geopolitical Uncertainty

The daily candle for Bitcoin closed with a strong bullish momentum today, indicating a high probability of further upward movement, although geopolitical factors could influence the market direction. A rise toward $108,000 appears probable from the current levels, which could pave the way for a resistance target at $120,000. Conversely, a decline from this level would suggest ongoing weakness, with potential support at around $100,000. The dominance of Bitcoin is expected to significantly impact the market, especially over the weekend, as most altcoins tend to mirror Bitcoin's movement. The intraday chart also displayed strong bullish momentum today, and it is essential to wait for specific chart patterns to identify trading opportunities. Maintaining price above the current intraday support suggests that further gains toward $108,000 are feasible. However, breaching below this support could accelerate a quick decline back to $100,000. Continuous monitoring of intraday volatility will aid in spotting scalp trading setups.