Bitcoin Tests Critical Support As Bearish Signals Point To $60,000 Retest
Bitcoin (BTC) is at a pivotal level as geopolitical tensions rise and bearish setups emerge, prompting some analysts to warn of a potential 15% correction if a critical support area doesn’t hold. Related Reading: Dogecoin Rally Loading? Analyst Eyes ‘Imminent Breakout’ From Textbook Falling Wedge Pattern Bitcoin Eyes Channel Support For Next Move Following news of renewed US strikes against Iranian targets, Bitcoin dropped roughly 5% from $76,000 to a one-month low of $72,589. At the start of the week, the cryptocurrency had been trading between $77,000-$78,000 after recovering from last week’s pullback. However, the growing geopolitical tensions have pushed the price toward a critical area. Analyst Ali Martinez affirmed that BTC reached a major support zone after losing the $75,000-$76,000 area. He previously said that leading crypto has been consolidating inside an ascending channel that has been developing since the early February crash, with two crucial levels likely to define the