Bitcoin is back – ish
If you’ve checking your portfolio, you’ve probably noticed the vibe is gradually shifting from funeral to festival.
Bitcoin clawed its way back above $75,900 last week, its highest since before the February 5th crash that sent prices tumbling to $60,000. After spending most of Q1 looking like it was auditioning for a disaster movie, the market has rediscovered something resembling optimism.
So what changed? Two things mostly:
First, the Iran ceasefire. Trump called a two-week pause in US-Iran hostilities, and markets exhaled. Crude Oil prices, which had climbed as high as $111 per barrel, started pulling back. Asian equity markets recovered. The S&P 500 bounced. And Bitcoin, which had been dragged down by the same geopolitical panic, bounced with it.
Second, retail investors showed up. On-chain data shows retail buyers have recently accumulated around $4.37 million worth of Bitcoin, a clear sign that everyday investors are treating these levels as a buying opportunity rather than a danger zone. When retail starts moving with conviction, it tends to drag the broader sentiment along with it.
The honest caveat: the ceasefire is two weeks. Nobody knows what happens on day fifteen if a longer term deal is not reached. Plus, Bitcoin still has a stubborn $75,500–$76,000 resistance ceiling that it keeps bumping against without breaking through. We have our fingers crossed 🤞.
Disclaimer: This content may cause extreme FOMO (Fear of Missing Out). Side effects of investing include sudden wealth (or, you know, the opposite 😢). Please do your own research (DYOR) or speak to your financial advisor before making any decisions.
