As the crypto markets rebounded on Wednesday, Bitcoin (BTC) bounced back from the recent selloff triggered by the escalating Middle East conflict, targeting a surge toward high levels. While some market observers see this as a sign of strength and potential bottoming, others warn that the rally could be short-lived. Related Reading: Bitcoin Leads Crypto Funds’ $1 Billion Rebound To End 5-Week Negative Streak Bitcoin Shows Strength Despite Growing Geopolitical Fears On Wednesday, Bitcoin surged 8. 3% to trade above the $72,000 barrier for the first time in a month