Bitcoin Finds Ground at $71,000 but the Geopolitical Ceiling Is Very Real
Bitcoin’s week has been a microcosm of the broader market — sharp falls when the Iran conflict escalated, an equally sharp recovery when ceasefire signals emerged, and then a fragile, news-dependent consolidation that left technical analysts deeply cautious. On Monday, Bitcoin briefly dipped below $68,000 as oil prices spiked above $112 per barrel and a broad risk-off move swept digital assets. By Wednesday, with Trump’s Truth Social post generating peace talk optimism, it had recovered to trade above $71,000. At 9am Eastern on Wednesday, Bitcoin was priced at approximately $71,299, up modestly from Tuesday’s levels and roughly $16,100 lower than
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