#BTCBelow80K Bitcoin (BTC) has experienced a notable decline in its value in recent days, dropping below the $80,000 level.

- Increased market volatility: The Volatility Index (VIX) rose to 48.4, significantly higher than its long-term average of 19.5, indicating increased fear among investors.

Support and resistance levels:

- Major support: If the decline continues, Bitcoin may test the support level at around $74,000.

- Potential resistance: To achieve a recovery, Bitcoin needs to surpass the $87,000 level. $HMSTR