Bitcoin's price has fallen below the 4-hour support level of $92,155, reaching approximately $91,000, according to crypto analyst Lennaert Snyder. This decline confirms a downward trend, with Snyder eyeing shorting opportunities and a target price of $87,600, the monthly opening level. The analyst notes potential support around $90,500, where a strong rebound could prompt closing short positions. A break above $96,500 would shift the outlook to bullish.