Bitcoin falls to $84200, analysts say the tiered upward structure has not been disrupted

Bitcoin fell to around $83500 at one point on Wednesday and is now oscillating around $84200, down more than 2% from Tuesday's high of around $86500, but still within the range of $83000 to $87000, and the tiered upward structure has not been disrupted. Giottus CEO Vikram Subburaj stated that BTC has formed a ladder like trend through gradually rising horizontal intervals since July, with $83000 being the current key support level. Alex Kuptsikevich, Chief Market Analyst of FxPro, believes that the support level around $84000 is more important, and if it falls below, it may explore $80000.