Bitcoin's price has experienced a significant drop, breaking below the $92K support level and potentially targeting the $82K level. However, the oversold RSI indicates the possibility of a rebound or short-term bullish reversal, contingent on surpassing the $92K level. The price has been forming lower highs and lows since being rejected at $109K, and further decline towards $80K is possible. The futures market is seeing a decline in open interest during the correction, suggesting potential long liquidations and further downward pressure on the price.



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