#Bitcoin has plunged below $90,690, or has fallen sharply.#
Hot Topic Overview
Overview
Recently, Bitcoin has been on a downward trend, raising market concerns. Kim Kramer Larsson, an analyst at Saxo Bank, pointed out that if Bitcoin breaks below the support level of $90,690, it could face a more significant decline. He believes that Bitcoin is forming a "head and shoulders pattern," a technical analysis chart pattern that signals a reversal from an uptrend to a downtrend. If it breaks below the support level of $90,680, Bitcoin could drop to $73,000. Analysts warn that the Bitcoin market situation is severe and may see a significant decline in the future.
Ace Hot Topic Analysis
Analysis
Bitcoin's recent downtrend has sparked market concerns. Saxo Bank analyst Kim Kramer Larsson has pointed out that if Bitcoin breaks below the $90,690 support level, it could face a significant drop. He believes 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 it breaks below the $90,680 support level, Bitcoin could fall to $73,000. The analyst warns that the Bitcoin market could see an "ugly" decline, and investors need to be cautious.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Bitcoin could break below the support level of $90,690.
After breaking below the support level, Bitcoin could face a larger decline.
Bitcoin could fall to $73,000.
Bitcoin is forming a head and shoulders pattern, which signals a reversal from an uptrend to a downtrend.