Analysis: The support level for Bitcoin around $83,000 is not solid, and we need to be alert to the reaction of the trend after a dip.

On April 20, according to Cointelegraph, although Bitcoin’s overall fluctuation was relatively small over the weekend, it still attempted to curb the downward trend for the week. Analyst Mark Cullen stated, “Although market liquidity still points to $90,000, I believe the $83,000 support level is ‘not safe’, and the lows from last Sunday and Wednesday may be revisited. We need to follow up on the subsequent reactions and whether a bullish structure can be rebuilt at the lower range of the interval. Nevertheless, analysts like Mark Cullen believe that during the Easter holiday, Bitcoin’s short-term price will still fluctuate within the $83,000 to $86,000 range.”