Bitcoin hit $74k — but losing $70k could send it back toward $60k

Bitcoin dropped to $63,030 following US-Israel strikes on Iran, then rallied 17% to hit $74,000 intraday on March 4. The cryptocurrency currently trades at $73,613, up 7.7% in 24 hours, but faces critical support at $70,000 with potential downside to $60,000 if that level fails.

• →Bitcoin fell to $63,030 after geopolitical tensions triggered risk-off sentiment across markets
• →BTC staged a strong 17% recovery rally to reach $74,000 intraday
• →The $70,000 level represents critical support for Bitcoin's near-term price action
• →A break below $70,000 could lead to further downside toward $60,000
• →Current trading at $73,613 shows Bitcoin has recovered most of its recent losses