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Bitcoin Rebounds to $71,000 After $63,000 Weekend Low Amid Middle East Tensions
Bitcoin briefly dropped to $63,000 during a weekend escalation involving Israel, the U.S., and Iran, before rebounding to reclaim the $71,000 level. On-chain data points to seller exhaustion around $63,000 and negative exchange flows as coins moved off exchanges, while analysts highlight growing market resilience versus traditional assets. Key technical levels now focus on support near $65,700 and potential upside targets toward $74,000–$75,000 if Bitcoin holds above $70,500.