Bitcoin’s Support at Risk: Analysis Shows Potential Price Drops Below $83,300

Analysis suggests that Bitcoin faces growing pressure below a crucial price point of $83,300, with potential support levels dipping below current market levels. This has triggered concerns as Bitcoin’s UTXO (Unspent Transaction Output) activity dwindles below this threshold. Recent data reveals minimal UTXO activity below the $83,300 mark, suggesting a lack of buyers at these price points. 83,300. Experts suggest that if Bitcoin drops further and approaches around $66,900, more substantial support could emerge, potentially stabilizing its price.