The $84,640 mark is seen as a crucial level for Bitcoin, with the CVDD channel indicating that it is a make-or-break zone. Holding above this level could lead to a rally, while dropping below it could trigger a significant decline. The CVDD channel is a metric that tracks investor behavior and has previously provided strong support in uptrends. However, breakdowns in the past have resulted in sharp corrections. The historical pattern suggests that if the $84,640 level is held, it could lead to a breakout, but if it is lost, it could lead to a steep fall. A strong bounce from this level could mirror the late 2023 period when Bitcoin consolidated before reaching new highs. On the other hand, if this level is broken, the price could potentially drop to $64,700, and if that support is lost as well, it could open the door for a further drop to $60,000. The outcome of this battle between bulls and bears will determine Bitcoin's next big move.



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