Over the past few days, the Bitcoin price has had one of its better performances so far in the first quarter of 2026. Catalyzed by the rising geopolitical tensions between US-Isreal and Iran, the premier cryptocurrency climbed to $74,000 over the past week. However, the Bitcoin price did not take long before retreating back below the psychological $70,000 level, confirming that the latest rally was merely a relief. With the bearish market structure still in place, it remains to be seen how low the price of BTC will go in its current phase