#Bitcoin breaks support, could fall further#

Bitcoin's recent price volatility has caught the market's attention. Saxo Bank analyst Kim Kramer Larsson has pointed out that if Bitcoin breaks below the support level of $90,690, it could face a larger decline. He analyzed that Bitcoin is forming a "head and shoulders pattern," a technical analysis chart pattern that indicates a reversal of the uptrend to a downtrend. If Bitcoin breaks below the support level of around $90,680, it could fall to $73,000. Other analysts share similar views, believing that Bitcoin could lose its major support level and plummet. They point out that Bitcoin prices have already fallen 3.9%, down about 13.2% from its all-time high, and the current situation is not optimistic. Although Bitcoin rose 2.6% on Friday, the market generally believes that if it breaks below the support level, Bitcoin will face a more severe test, and its future trajectory could become more "ugly."