Bitcoin's price is at risk as it hovers around the $82,000 support level, with analysts warning that a close below this level could trigger over $1.13 billion in liquidations. The recent price weakness is attributed to an executive order by former U.S. President Donald Trump proposing a U.S. Strategic Bitcoin Reserve, leading to disappointment among investors who expected federal Bitcoin purchases. In addition to regulation decisions, Bitcoin's price is also influenced by macroeconomic developments, particularly upcoming U.S. releases such as the Consumer Price Index and job openings report. While some technical indicators suggest Bitcoin may be near a local bottom, the market is currently waiting to see if it can maintain its critical support level.



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