Down but not out. Bitcoin's (BTC) stair-step bullish trajectory is still intact

Down but not out. Bitcoin's (BTC) stair-step bullish trajectory is still intact

Summary

Bitcoin fell more than 2% to around $84,200 on Wednesday but remained within its recent $83,000–$87,000 range, preserving a months-long pattern of rising trading ranges. Analysts identified $83,000 as a key support level: a sustained break below roughly $82,000–$83,000 could invalidate the September breakout and put $80,000–$81,500 back in view. One analyst sees nearer support around $84,000, with a break potentially exposing $80,000.