#Bitcoin falls below $75,000#

Recent Bitcoin price movements have sparked market attention, with analysts pointing to a potential "head and shoulders" pattern in the Bitcoin price chart, which, if completed, would signal a sell-off extending to $75,000. The formation of this pattern began in late November 2024 when Bitcoin's first attempt to break through the $100,000 mark failed, marking the first shoulder formation. Subsequently, Bitcoin prices reached a new all-time high of over $108,000 in the second half of December, before quickly retracing to $92,000, forming the head. Recently, Bitcoin prices have declined by 5% to near $97,000, suggesting the formation of the right shoulder. If the sell-off continues and prices break below the horizontal trendline connecting the bottoms of the two shoulders, known as the neckline, the bearish head and shoulders reversal pattern would be confirmed. A break below this level could signal a further decline to around $75,000.