Bitcoin (BTC) has experienced a significant decline, dropping 15% in just 72 hours. Some analysts believe that BTC could potentially drop even further, to the $72,000-$74,000 range, before a potential recovery. A critical level to watch is $82,000, as it represents the average price at which short-term BTC holders acquired their tokens. The current testing of this level suggests it could be a potential demand area for buyers. The correlation between BTC's price and global central bank liquidity indicators has also been lagging, indicating that macroeconomic conditions could continue to influence BTC's trajectory. In bull markets, BTC typically stays above the price realized by short holders, but in bear markets, it tends to remain below this level for extended periods, suggesting further downside risk. Traders and analysts are closely monitoring whether BTC can find strong support or if it will decline further towards $70,000-$74,000 before attempting a recovery.



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