After yesterday's brutal flush, Bitcoin is trying to catch its breath today, hovering slightly in the green around the $66,600 mark. The broader market is still looking pretty cautious, as those ongoing Middle East geopolitical tensions and climbing energy costs continue to put a serious damper on overall risk appetite. While we aren't seeing a massive relief bounce just yet, $BTC is managing to defend its key support levels during this weekend's lower-volume consolidation phase. Several analysts are noting that we're basically stuck in a holding pattern within this broader accumulation range, so traders seem to be in "wait and see" mode until some fresh macroeconomic catalysts step in to set the trend.

BTC0.41%
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