Bitcoin Price Declines Below $85,000 Amid Support Testing

Bitcoin is experiencing a decline, with current trading below key support levels.

Bitcoin declined from $86,500, currently trading below $85,000.
A break occurred below the bullish trend line at $84,500 on the BTC/USD hourly chart.
The price tested the $83,200 support level.
Immediate resistance is near $84,000 and $84,500 levels.
Key support levels include $83,200, $82,200, and $80,800.

Bitcoin Price

Technical indicators show bearish momentum with MACD in the bearish zone and RSI below 50.

If Bitcoin does not rise above $85,000, further declines may occur, targeting $81,500 in the near term.