Bitcoin's price has recently rebounded, with some reports indicating it has reclaimed the $62,000 level, although it is unclear if this marks a bottom. The cryptocurrency's price movement is being watched amid rising tensions between the US and Iran, with some outlets suggesting it is holding up relatively well despite the geopolitical uncertainty. However, there are conflicting reports about bitcoin's current trajectory, with some indicating bullish momentum and others suggesting it has yet to escape bearish conditions.