• Bitcoin (CRYPTO:BTC) confirmed a bearish head-and-shoulders pattern after breaking below US$63,000 support.
• More than US$600 million in crypto liquidations and continued Bitcoin ETF outflows added to selling pressure.
• Traders are closely watching the US$60,000 to US$60,600 support zone as a key level for Bitcoin’s next move.

Bitcoin (CRYPTO:BTC) fell from an intraday high near US$64,500 to a low of US$61,990 on June 23, confirming a bearish head-and-shoulders breakdown that has increased pressure on the US$60,000 support area.

The decline coincided with falling oil, gold and silver prices following reports of progress in United States-Iran negotiations, while weakness in artificial intelligence and semiconductor stocks also weighed on…