The weekend panic is now history.
Bitcoin touched lows near 63,000 USD after the geopolitical escalation in the Middle East, but the rebound has been strong: +5% in the last 24 hours, now consolidating in the 68,000–69,000 USD zone and testing key resistances towards 70,000.
This movement is not a coincidence. What we saw was a classic shakeout: massive liquidations of leveraged positions, retail capitulation, and discreet accumulation by institutions and whales. Net flows to ETFs returned to positive territory almost immediately, and the market has shown —once again— resilience to macro events that in previous cycles would have generated much deeper declines.
We are in a late post-halving phase, with a volatile macro environment (tensions in the Strait of Hormuz pushing oil, latent inflation), but the narrative of Bitcoin as an alternative store of value remains intact. The current boredom —that sideways range that has us all impatient— is precisely the prelude to the next expansion. Those who accumulated in fear are already positioned; those who sold in panic watch from the sidelines.
My view: if it holds above 65,000 USD in the coming sessions, the path to 80,000–90,000 USD in the second quarter remains the most likely base scenario. The market is not collapsing; it is filtering.
And you? Do you see more sideways range or imminent bullish breakout? Share your technical or macro reading. Patience in these moments separates investors from speculators.