Bitcoin (BTC-USD) surged above $68,000 on Tuesday, marking the end of a five-month losing streak. According to Compass Point analyst Ed Engel, Bitcoin has never experienced six consecutive monthly declines in its 17-year history. While Bitcoin has shown resilience compared to the S&P 500 index and gold, which have both declined since the onset of the Middle East war on February 28, Engel cautioned that blockchain data indicates bearish trends, suggesting that Bitcoin could retest its lows around $60,000. Fundstrat's head of digital assets, Sean Farrell, remains cautious, advising investors to preserve capital and stay agile. Conversely, Bernstein analysts believe Bitcoin may have reached a low point, reaffirming a price target of $150,000 by the end of 2026. They noted that exchange-traded funds now hold more than 6% of Bitcoin's supply, indicating renewed investor interest.