According to Greeks.live, traders see $82,000 as a key support level for Bitcoin, which must be held to maintain the trend in the higher time frame.

Community members are very concerned about the continued decline, with many discussing a rapid 17% drop in three days and debating whether the recent selling is controlled or signals a broader market shift.

Several traders believe that after this pullback, the price of Bitcoin may become volatile and may retest $88,000 before deciding on further direction.