Bitcoin fell to three-week lows as geopolitical tensions and oil supply concerns pressured price action. The cryptocurrency dropped below $66,500 ahead of Friday's Wall Street open. Analysts noted a bear flag pattern suggesting potential further declines, with some predicting a drop to $41,000. BTC faced continued liquidity challenges, with bid levels under pressure and asks keeping the price below $70,000.
Traders highlighted the risk of further downward movement, with some anticipating a test of lower $60,000 levels. A bearish wedge pattern was also noted, reinforcing concerns about the market's near-term direction.
