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Bitcoin has risen to around $74,000. Last week, since surpassing $71,000, the upward momentum seems to be expanding further. It also appears to be holding steady during the early hours of European time.
Despite ongoing geopolitical instability in the Middle East, it's interesting that Bitcoin is being bought rather than sold. In the past, it was said that risk assets would be sold during emergencies, but recently, Bitcoin seems to be taking on a safe-haven role. Maybe institutional investors are buying in.
Whether this upward trend will continue depends on U.S. economic indicators. For now, it looks like the short-term trend will continue testing higher prices.