A rebound in Bitcoin to $70 thousand indicates a short-term improvement in investor sentiment, which is partly related to signs of easing tensions around the Strait of Hormuz: the number of tankers passing through this route is increasing. Additionally, countries are finding ways to compensate for energy shortages.

The initial shock has already passed. The worst-case scenario seems not to be materializing, and Bitcoin's price reflects this mood.
At the same time, a return to $70 thousand is a minor fluctuation for Bitcoin under current global uncertainty, and it cannot be considered a significant growth. Bitcoin has managed to return to $70 thousand partly due to a "wave of optimism" amid rumors of a possible ceasefire between the US and Iran. Moreover, the current rise is partly technical and related to short position liquidations.