#Bitcoin could fall as it breaks support levels.#

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Bitcoin is currently facing a risk of decline. Saxo Bank analyst Kim Kramer Larsson pointed out that if Bitcoin breaks below the support level of $90,690, it may face a larger decline, possibly even falling to $73,000. He believes Bitcoin is forming a “head and shoulders pattern”, a technical analysis chart formation that signals a reversal from an uptrend to a downtrend. While Bitcoin has declined by 3.9% over the past five days, it rose by 2.6% on Friday, currently trading at around $94,061, but still lagging behind its all-time high. Analysts warn that Bitcoin’s future trajectory could “get ugly”.

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Bitcoin's recent movement has sparked market concerns. Kim Kramer Larsson, an analyst at Saxo Bank, has pointed out that if Bitcoin breaks below the $90,690 support level, it could face a more significant decline. He analyzes that Bitcoin is forming a "head and shoulders" pattern, a technical analysis chart pattern that signals 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. Other analysts have echoed similar sentiments, suggesting that Bitcoin may lose key support levels and plummet. Over the past five days, Bitcoin has declined by 3.9%, although it rose 2.6% on Friday, it still remains about 13.2% below its all-time high of $108,309, set on December 17, 2024. Currently, there are mixed sentiments regarding Bitcoin's future trajectory, with some analysts expecting further decline while others remain optimistic.

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Bitcoin could break below the $90,690 support level and face a bigger decline.

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Bitcoin is forming a head and shoulders pattern, a technical analysis chart pattern that predicts a reversal of the uptrend to a downtrend.

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If Bitcoin breaks below the support level around $90,680, it could fall to $73,000.

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Bitcoin could lose its major support level and plunge.

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