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Bitcoin Price Outlook as $50B Volume Falls 40% While BTC Retests $83K and Eyes $80.5K Support
Bitcoin is trading near $83,000 after a sharp slide to about $81,000 earlier in the week, with 24-hour volume around $50 billion, down nearly 40%. Key support sits near $80,500, while resistance has shifted to the $86,400–$90,400 area, leaving BTC in a downward channel and a corrective phase. A daily close above $90,400 could point to a recovery, but failure to hold $80,500 may expose the $76,400 zone.
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BTC
BTC+1.44%
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Bitcoin Price Prediction: BTC Drops Toward $83K as Senate Bill, Citrea Rollup and Metaplanet’s $137M Plan Shift Outlook
Bitcoin fell to about $85,289 on Thursday, extending recent volatility even as new structural drivers emerge around regulation, on-chain activity, and corporate demand. A US Senate Agriculture Committee bill advanced by a 12-11 vote, Citrea’s Bitcoin ZK-rollup mainnet went live, and Metaplanet approved a $137 million fundraising plan to buy more BTC, all while price tests support near $83,000 inside a descending channel. These forces could influence Bitcoin’s long-term supply-demand balance despite short-term bearish pressure.
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BTC
BTC+1.44%
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