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Bitcoin falls below $73,000 amid US-Iran conflict and market fear, risking further drops.

Market News
28 May 2026
Coinpaper
View Source
Bearish
pluang ai news

Bitcoin's price dropped below $73,000 following renewed US-Iran military tensions that dampened investor risk appetite and pushed crypto sentiment into 'Extreme Fear.' The conflict near the Strait of Hormuz, a crucial oil transit route, also caused oil prices to rebound, adding to market uncertainty. Bitcoin's technical support at $74,000 turned into resistance, with key support levels now near $73,300 and $70,671. On-chain activity and leveraged positions suggest weak buying demand, raising the risk of further liquidations if Bitcoin fails to reclaim $75,000. Traders will watch the $71,000 to $73,000 zone closely for potential recovery or further declines.

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