Bitcoin has fallen below the critical support level of $91,600, indicating a potential move into bear territory. Market analysts believe that the recent price action of Bitcoin has formed a "head and shoulders" formation, suggesting a reversal from an uptrend to a downtrend. If the negative sentiment continues, analysts predict that Bitcoin's next low could be around $88,000 or even a sharper correction to $74,000. This is in contrast to the rally Bitcoin experienced in 2024, fueled by the launch of a US exchange-traded fund (ETF) tied to Bitcoin and US President-elect Donald Trump's support for cryptocurrencies. However, enthusiasm has waned in 2025 as traders adopt a cautious approach.



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