Is Bitcoin Price Finally Heading Below $60,000? Here’s What Technical Charts Show

What: Bitcoin price has dropped roughly 9% since briefly touching $72,000 on March 25, erasing all 30-day gains.
Why: The decline produced a bearish breakdown of a pattern on the 12-hour chart.
Signal: Bitcoin is currently trading flat over the past 24 hours near $66,900, indicating a possible pause in the downtrend.
Target: The next potential support level for Bitcoin is around $60,000, a key psychological level that could be a major target for bears.
Risk: A break below $60,000 could lead to a further decline of up to 10% in the coming days.