Bitcoin may face a downside potential to $73,000 if it breaks below its support level at around $90,680, according to Kim Kramer Larsson, an analyst at Saxo Bank.

The largest cryptocurrency by market capitalization BTCUSD-0.11%  has fallen 3.9% over the past five days while it is up 2.6% on Friday to trade at around $94,061, according to the Dow Jones Market Data. The crypto is roughly 13.2% away from its record high at $108,309, reached on Dec. 17.

Bitcoin is forming a top based on the so-called shoulder-head-shoulder pattern, a chart formation in technical analysis that predicts a bullish-to-bearish trend reversal.

Source: MARKETWATCH