Bitcoin Price Analysis: Key Support and Resistance for Current Movement

As of early this month, Bitcoin was trading around $82,539. However, the BTC price has experienced a decline of over 3.27% since then, currently hovering near the crucial $80K level. Despite the recent dip, Bitcoin shows signs of recovery. On-chain indicators indicate panic selling among short-term holders, which some analysts see as a potential long-term buying opportunity. Currently, focus shifts to key support and resistance levels, potentially paving the way for market volatility.