Bitcoin is witnessing strong movement in the markets with its recent rise to around $108,000 in the last few hours.

According to current forecasts, the digital currency continues to hold above the support area at $105,000, which enhances the chances of continued upward movement as long as this support remains intact.

Traders are closely watching the next resistance area at $110,000 — where Bitcoin may face pressure due to profit-taking. If this level is strongly breached, we may see a rise towards $114,000 in the coming days.

Experts advise caution and activating stop-loss orders due to rapid market changes, in addition to monitoring geopolitical developments that may affect performance.

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