Bitcoin (BTC-USD) rose above $68,000 on Tuesday, ending a five-month losing streak and showing resilience amid global market volatility. Compass Point analyst Ed Engel noted that BTC has never recorded six consecutive monthly declines in its 17-year history, making this movement particularly notable and attracting investor attention.

The token has shown more strength compared to traditional assets: the S&P 500 (^GSPC) and gold (GC=F) have declined since the Middle East conflict began on February 28. This reflects the growing role of cryptocurrencies as a diversification tool and potential safe haven amid geopolitical and macroeconomic uncertainty.

Despite the recent gains, blockchain data indicates bearish flows, suggesting a possible retest of the $60,000 level. March’s price action looks like a textbook relief rally within a broader crypto winter, yet analysts advise investors to remain cautious and monitor shifts in market sentiment closely.

Analysts remain measured: Fundstrat head of digital assets Sean Farrell recommends preserving capital, maintaining liquidity, and staying ready for more decisive market changes. Bernstein reaffirms a $150,000 price target for the end of 2026, highlighting increased crypto-ETF inflows and the continued activity of major holders such as Strategy (MSTR), providing additional support for the Bitcoin market.