Bitcoin Dips Below $84K — What’s Next for BTC?
Bitcoin has slipped to the $83,900–$84,000 range, showing weakness after failing to sustain momentum above $84,300. The current market structure suggests that BTC is entering a consolidation phase, and traders are watching closely for the next decisive move.
🔎 Market Overview
The recent price drop has pushed BTC into a critical mid-range zone. Volume has also decreased, showing buyer exhaustion, while sellers continue to dominate the short-term trend.
📊 Technical Signals
#• Price: $83,960
• 24h Trend: Slightly negative
• Market structure: Lower highs forming
• Volume: Weak buying pressure visible
• Momentum: Bearish bias
BTC is struggling to break above the $84,200–$84,500 zone, which now acts as strong resistance. Unless bulls reclaim this area, the market may continue to move sideways or slightly lower.
📉 Downside Scenario (More Likely Now)
If bearish pressure continues:
• First support: $83,500
• Strong support: $82,800
• Breakdown zone: $81,500
A drop below these levels could trigger a short-term flush toward $80,000.
📈 Upside Scenario
For any bullish reversal to begin:
• BTC must hold above $83,500
• Break and close above $84,500
• Next target becomes $85,200 → $86,000
But for now, the market does not show strong bullish energy.
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