Bitcoin's price has dropped over 8.5% in four days, briefly surpassing the $100,000 mark earlier this week. Analysts are questioning whether this indicates a local top for BTC. Many believe the price may attempt to find support at around $90,000. Bitcoin analyst AlphaBTC noted concerns about whether the downtrend will continue or if price action indicates a temporary cooldown. If $90,000 is breached, further declines could lead to the $88,600 and $87,500 levels. Analysts like Michael van de Poppe foresee potential dips to the $85,300 area, and CryptoQuant’s Julio Moreno identifies an anticipated short-term target of $88,000 for traders’ realized price. Additionally, veteran trader Peter Brandt pointed out a head and shoulders (H&S) pattern that could push prices down to $73,000. Other analysts predict further targets at $84,885 and $72,962. The prevailing sentiment suggests a cautious outlook for Bitcoin with significant support zones that could influence future price movements.

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