BTC Market Analysis:

The current price of BTC has dropped to 83,500, breaking below the key support level of 84,640. If the price returns to consolidate above, this level can serve as a local bottom indicator. Falling below 84,000 implies that the price may test lower support areas.

If BTC remains below 84,000 for several days, the next support level is expected to be around 64,700 USD. Subsequently, it may further rise to around 60,000 USD, aligning with the historical price range of April 2021.

The above is derived from the comparison of multiple historical support and resistance levels of the CVDD channel (Cumulative Value Destruction Days).

Therefore, Bitcoin must stay above the threshold of around 84,600 to avoid deeper adjustments.