#Bitcoin plunges below $90,000, potentially signaling a significant drop.#

Recently, Bitcoin's price has fallen below the 90,000 mark, raising concerns about its future trajectory. Kim Kramer Larsson, an analyst at Saxo Bank, pointed out that if Bitcoin breaks below the $90,690 support level, it could face a more significant decline. He believes that Bitcoin is forming a "head and shoulders pattern," a technical analysis chart pattern that suggests a reversal from a bullish trend to a bearish trend. If Bitcoin breaks below the support level around $90,680, it could potentially fall to $73,000. Other analysts have expressed similar concerns, suggesting that Bitcoin could lose its major support level and plunge. They point out that Bitcoin's price has fallen by 3.9% over the past five days, though it rebounded on Friday, it remains significantly below its all-time high. Currently, the market is divided on the future direction of Bitcoin, with some investors believing its price will continue to decline while others anticipate a rebound.