Bitcoin Price Could Surge to $120K as Investors Seek Shelter from Market Risks

Bitcoin could surge to $120K in coming months as a "doomsday hedge" against geopolitical events, according to some traders
Bitcoin remains correlated to traditional assets but is still seen by some as a hedge against market turbulence
Global politics and investors seeking alternatives to traditional assets could fuel a bitcoin price surge
Inflows to bitcoin ETFs have slowed over the past week, with only 1 of 11 seeing inflows on Monday
Bitcoin's price action in the coming weeks will likely set the direction for the broader crypto market