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Bitcoin drops below $84,000
Bitcoin's price has fallen below $84,000, affected by short-term selling pressures and a downward momentum threatening further declines toward lower support levels, especially after forming a double top pattern at $87,363. However, the overall structural framework for Bitcoin remains bullish, provided it surpasses resistance at $85,683 and invalidates the double top pattern by climbing above $87,363. Trading remains cautious between $83,266 and $84,370, with risk management being crucial amid market volatility.
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