Bitcoin’s Cycle Shifts: $82K Becomes Key Support as Correction Looms

After a dramatic decline of 35% from its recent highs, Bitcoin is currently trading around $84,000. This drop follows an unexpected acceleration in the market cycle leading up to the 2024 halving event, with the asset surpassing historical peaks earlier than usual. However, this early burst of momentum has now faded. Recent resistance at the previous all-time high is holding strong, and a new cycle may be forming.