Saad Ullah
⬤ Bitcoin extended its slide on the four-hour chart, trading around $82,500 after breaking down from higher levels. The sharp bearish move pushed price well below previous support, and market observers now see a potential short-term retest toward $84,600 before any further decline.
⬤ BTC previously held a range between $95,000 and $98,000 before momentum shifted sharply lower. Once support gave way, price dropped quickly into the low $80,000s, leaving $84,600 as a clear resistance zone where sellers could re-enter if the market attempts a bounce.
⬤ The primary downside target sits near $80,600, though the path there may not be direct. The expected scenario involves interim consolidation or a corrective bounce rather than a straight drop, suggesting Bitcoin could reach lower levels through staged price action instead of one continuous selloff.
⬤ Bitcoin's movement matters because it typically sets the tone for the broader crypto market. How BTC responds around the $84,600 resistance and $80,600 support will likely shape near-term volatility and risk appetite across digital assets. A sustained break below former support could reinforce bearish sentiment, while reclaiming key levels might shift expectations for the next directional move.
Saad Ullah
