#Bitcoin breaks support, could fall further#

Bitcoin's recent price action has sparked market concerns, with Saxo Bank analyst Kim Kramer Larsson pointing out that if Bitcoin breaks below the $90,690 support level, it could face a more significant decline, potentially falling to $73,000. Larsson's analysis suggests that Bitcoin is forming a "head and shoulders pattern," a technical analysis chart pattern that signals a reversal from an uptrend to a downtrend. This pattern indicates that Bitcoin's price may have peaked and a significant decline is likely to follow. Additionally, other analysts have expressed similar concerns, suggesting that Bitcoin could lose its key support levels and plummet. While Bitcoin has fallen 3.9% over the past five days, it rose 2.6% on Friday, currently trading around $94,061, but still about 13.2% below its all-time high of $108,309 reached on December 17, 2024. Therefore, investors need to closely monitor Bitcoin's price action and be prepared to manage the risks of potential market volatility.