Bitcoin rebounded over the weekend from a key support level around $63,000, escaping a plunge triggered by geopolitical tensions. Market analyst Tony Severino pointed out that Bitcoin has historically stayed above the lower boundary of its long-term upward channel, even during the crash in 2020. While theoretically, the rebound could point to the midline of the channel near $475,000, Severino also admits that this scenario is unlikely. Currently, Bitcoin is trading around $67,919, up 3% in the past 24 hours, but its overall price structure remains bearish.