Bitcoin Tests Critical Support As Bearish Signals Point To $60,000 Retest
Bitcoin is at a key support zone after falling about 5% from $76,000 to a one-month low near $72,589 amid renewed geopolitical तनाव. BTC has been trading inside an ascending channel, and analysts say the $73,000-$71,300 area aligns with channel support, the 100-day SMA, and a Fibonacci retracement level. If this floor holds, Bitcoin could rebound toward $77,000-$79,500; if it breaks, downside could extend toward $60,000. A separate bearish view points to a Head and Shoulders pattern with a neckline near $75,000, implying a possible move toward $63,000 if confirmation continues. Another analyst sees BTC repeating a prior bearish setup after rejection from the $80,000 area and the 200-day MA/EMA, suggesting a lower high unless price recovers decisively.
