Bitcoin continues to struggle above $70,000. On Wednesday morning, it stands around $73,600, down 1.16% in the last 24 hours but still up 2.63% for the week. The problem is that every time it tries to push higher, it encounters resistance and pulls back. According to analysts, the real critical support now is around $63,000.

While Bitcoin struggles, altcoins are doing worse. Solana has lost 3.55% in 24 hours and 1.88% for the week, Cardano drops 1.85% daily and 8.87% weekly, Dogecoin falls 0.68% daily and 2.05% weekly. Ethereum is down 2.51% but recovers 2.98% over the week. BNB and XRP show greater resilience, with BNB losing only 0.37% weekly at $612 and XRP stable at $1.35.

The macroeconomic context isn't helping. Tensions in Iran have caused Asian stocks to plummet to multi-year lows, oil prices have risen, and investors are scared. When liquidity tightens, risky assets like cryptocurrencies suffer more. However, it’s interesting to note how Bitcoin is increasingly emerging as a store of value, an alternative safe haven to gold. Many still prefer gold because it’s traditional, but the market is starting to consider Bitcoin in this light. The next move will depend on ETF flows and how the market reacts to upcoming geopolitical developments.