Bitcoin price rose 3% to $71,255, but the price remains range-bound amid geopolitical tensions and changing Federal Reserve interest rate expectations. President Trump's threats to Iran over oil flow issues have heightened investor caution. Analysts note that the market has shifted from January's unilateral volatility to consolidation, with Bitcoin prices oscillating while awaiting the results of the Federal Reserve meeting on March 18. Expectations for rate cuts have plummeted from 20% to 0.6%. This sideways movement has triggered approximately $359 million in derivatives liquidations, with liquidity concentrated in the current trading range of about $65,000 to $74,000.