BTC's drop below $60,000 triggered a four-hour rounded top and a daily bear flag breakdown, establishing a dual-pattern technical target at $54,000.

Bitcoin falls with Asia stocks as a major tech sell-off sends BTC price action toward new macro lows and traders brace for $60,000 support to fail.

With bitcoin testing its 200 week moving average, on-chain data suggests the $50,000 to $54,000 range could become the next key battleground.