#Bitcoin breaks support, could fall further#

Bitcoin is facing downside risks in the near term, with analysts widely expecting it to break below support levels and trigger a larger decline. Kim Kramer Larsson, an analyst at Saxo Bank, pointed out that if Bitcoin breaks below the $90,690 support level, it could face a drop to $73,000. He analyzed that Bitcoin is forming a "head and shoulders pattern," a technical analysis chart pattern that predicts a reversal from an uptrend to a downtrend. This pattern suggests that Bitcoin may have peaked and will enter a downtrend in the future. In addition, other analysts have expressed similar concerns, believing that Bitcoin could lose major support levels and plummet. Although Bitcoin has fallen 3.9% in the past five days, it rose 2.6% on Friday, currently trading at around $94,061, but still 13.2% below its all-time high. Therefore, investors need to closely monitor Bitcoin's price movements and be prepared to deal with potential downside risks.