Bitcoin (BTC) price is trading above $74,000, recovering sharply after weeks of geopolitical pressure tied to escalating Iran-US hostilities that had pinned the asset in a stubborn $73,000–$74,000 resistance band. The analytical question is no longer whether Bitcoin can reclaim that level – it is whether a rebound occurring against a backdrop of unresolved Middle East tensions reflects durable structural demand or a tactical short squeeze that still lacks confirmation from patient capital. DISCOVER: Best Meme Coins to Buy in Q2 Cross-Asset Transmission: Risk-On Snapback Absorbs the Geopolitical Premium The macro transmission mechanism here is a classic risk-on rotation rather than a geopolitical resolution. Equity markets opened Monday with a bid, crypto-related equities closed higher across the board, and Bitcoin tracked the broader appetite for risk assets – not a reduction in the underlying tension