Bitcoin price surged more than 5% in the evening of April 13, climbing near the $75,000 level and marking its strongest intraday move in a couple weeks as traders reacted to a mix of macro pressure and technical positioning.

The rally follows several days of choppy trading, with bitcoin price holding a tight range between roughly $68,000 support and $75,000 resistance amid geopolitical tension tied to U.S.–Iran developments over the last several weeks. 

Earlier in the week, the asset slipped toward $70,000 after the collapse of diplomatic talks and a U.S. naval blockade in the Strait of Hormuz, which drove oil prices higher and weighed on risk assets.

The move also comes…

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