Why is crypto rising today? Bitcoin (BTC), the "ancestor" of the cryptocurrency market, just staged a strong V-shaped recovery, reclaiming the $71,000 mark just hours after global headlines were filled with news of the conflict.
The weekend drop to $63,000 – triggered by escalating conflict involving Israel, the US, and Iran – led many to believe the market was heading for a “risk-off” crash.
But that didn't happen. Instead, the market absorbed the shock, cleared leverage, and continued buying. While traditional markets panicked over the risk of supply disruptions in the Strait of Hormuz, crypto investors saw it as a discounted opportunity. This is significant because it demonstrates a new level of resilience in the market – something the bears hadn't anticipated.
Bitcoin Price Trends: The Enduring Flow of Institutional Money Amidst Geopolitical Risks
The decline was rapid, but the recovery was even more decisive. When news of escalating conflict emerged, leverage in the market was wiped out almost immediately.
on-chain analysis shows that supply from sellers is drying up around the $63,000 mark. Exchange inflows and outflows remain neutral to negative, indicating that coins are being moved to Cold Storage rather than being massively placed on sell Order Book . Regional data also reinforces this observation. Withdrawals from exchanges in Iran suggest local Capital is seeking safe haven in digital assets, while global trading desks XEM geopolitical risk as a liquidation event to place buy orders.
In a recent news release, Tagus Capital noted that Bitcoin is exhibiting "defensive characteristics" despite Capital for high volatility. While gold retreated after a short-term surge, Bitcoin stabilized and reversed its trend to rise. Smart money absorbed selling pressure without a complete capitulation.
Bitcoin Price Prediction: Has it reclaimed $71,000, is the next target $75,000?
The current chart shows that the bearish scenario has been invalidated. The reclaiming of the $71,000 mark completely changed the market structure. The $65,700 area has transformed from a previous resistance into a support "fortress." The V-shaped recovery confirms that demand at lower price levels is stronger than the fear caused by the news.
If Bitcoin holds above $70,500, the path to $74,000 will open up quickly. A convincing break above this mark would make $75,000 a reasonable next target. However, if the price falls below $69,000, the market is likely to retest the weekend Dip .
The current structure aligns with VanEck's "macro Dip " theory, suggesting that the $60,000–$63,000 range is the final shakeout before the next uptrend begins. Momentum indicators on the 4-hour timeframe have been "reset," creating room for bulls to continue their upward momentum.
Market resilience: Why crypto outperforms gold and oil
Traditional safe-haven assets reacted as expected to the conflict. Oil prices rose 7% due to supply concerns. Gold gained 2%. However, Bitcoin's 12% jump from Dip of $63,000 outpaced both. This undermined the notion that Bitcoin is merely a "risk-on" asset.
Although altcoins like Cardano and Dogecoin are still lagging behind Bitcoin, the overall crypto price forecast is shifting towards a positive trend.
Billionaire Ray Dalio recently denied Bitcoin's Vai as a safe haven, but the market ignored this view. Bitcoin continued to rise in price despite escalating conflict. Institutional desks took advantage of the weekend trading gap – when traditional stock markets were closed – to buy into this asset that never sleeps.
