#IsraelStrikesIranBTCPlunges

Bitcoin has lost about 9% of its value after recently reaching the $72 000 mark.
This decline completely offset the entire growth over the past month. Currently, the digital asset is trading near $66 900.
On the asset's chart, a classic "head and shoulders" pattern has formed. The "neckline" was around $67 700. The breakout of this important level occurred on March 27.
The completion of this pattern suggests a subsequent correction of 12%. Such a scenario could push the quotes below the psychological level of $60 000. The main target zone is around $59 400. However, the Relative Strength Index (RSI) shows hidden bullish divergence. As a result, this has already led to a local price rebound of 1.87%.
This indicator divergence provides a chance to hold the (000 support. At the same time, further recovery is limited by dense supply clusters.
Approximately 2.37% of the total coins changed hands at the level of )900 last time. Additionally, 1.96% of the assets are concentrated at the $65 100 mark. An similar share is recorded around $66 400. In total, more than 6.29% of Bitcoin supply is concentrated within a narrow price range. Buyers at these levels often sell the cryptocurrency when reaching the breakeven point.