Bitcoin Price Tumbles Below $66K Amid Ongoing Conflict

The ongoing conflict between the US, Israel, and Iran has led to a decline in Bitcoin's value, with the cryptocurrency trading below $66,000 for the third consecutive day.

Technical analysts are monitoring the situation closely, warning that if the strikes continue for an extended period, it could lead to a significant pullout of liquidity from the market. This, in turn, may push the price down further into the bear market.

A key technical indicator, the falling wedge pattern, suggests that the price may break out to the upside before reaching the bottom. However, this is not a guarantee, and the price could still continue to decline.