Bitcoin is currently in a bearish downtrend, dropping significantly over the past few days. It is approaching a major support zone at 73,500, which has historically acted as a significant support level. If Bitcoin breaks below this level, it could indicate a further bearish trend. However, there's a possibility of a bounce back up from this support, which could lead to new all-time highs in the future. The current price action suggests a potential bearish continuation. Traders should monitor the price action around the 73,500 support level for potential entry or exit signals.