Bitcoin (BTC) has experienced a sharp decline, falling to $88,000, and there is a risk of further decline. Analysts suggest that Bitcoin could test support levels as low as $81,600. Alex Thorn, the President of Galaxy Digital research, used the URPD indicator to analyze Bitcoin's price and found that there was minimal trading between $75,000 and $85,000. Thorn believes that Bitcoin may test this range again, as it quickly broke through it after Donald Trump's victory in November 2020. Additionally, Thorn notes that the 200-day moving average (MA) for Bitcoin is $81,600, which could act as support if the $75,000-$85,000 range is tested again. However, this information should not be taken as investment advice.



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