The Bitcoin price has experienced a decline, with the price falling below key support levels at $88,000, $86,000, and $85,000. The price recently tested the $80,000 support zone but has since started a recovery wave. The price is currently trading below $85,000 and the 100 hourly Simple Moving Average, with immediate resistance at the $82,700 level. If the price can close above the $85,000 resistance, it may continue to rise towards the $87,500 and even $90,000 or $96,200. However, if the price fails to surpass the $83,000 resistance, it could start a fresh decline, with support levels at $81,000, $80,200, and $80,000. The main support level sits at $75,000.



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