Bitcoin Slips Toward Channel Support as Analysts Flag $71,300 Risk and $60,000 Scenario

Bitcoin fell about 5% from $76,000 to a one-month low of $72,589 after renewed U.S. strikes on Iranian targets, after trading around $77,000-$78,000 earlier in the week. Analysts highlighted a key support cluster between $73,000 and $71,300, warning that a break below $71,300 could extend losses toward the February base near $60,000. Others pointed to a potential Head and Shoulders setup with a neckline near $75,000, raising the odds of a move toward the range lows around $63,000.