Bitcoin Price Analysis: Key Support and Resistance Levels to Watch After Drop to $84,000

Bitcoin (BTC) experienced a significant correction, with its price plunging to the $84,000 level. This move has shifted market focus to crucial technical levels that could determine the next directional trend. Analysts are closely monitoring key support zones near $82,000 and $80,000, which, if broken, could signal a deeper correction. On the upside, immediate resistance is seen around $86,500, followed by the critical $88,000 level. A reclaim of this higher resistance could indicate strength and a potential resumption of the bullish momentum. Market sentiment is cautious as traders assess these pivotal price points amid current volatility.