Bitcoin dropped to approximately $82,000, its lowest level in over two weeks, after repeatedly failing to break through the $87,000 resistance. The decline of about $2,000 in twenty minutes was partly linked to the US government moving a portion of its crypto holdings, including BTC and BNB, to the Coinbase platform. However, the TD Sequential technical indicator flashed a buy signal on the hourly chart, around the $83,000 support level. Analyst Ali Martinez forecasts a potential rebound for bitcoin toward and slightly beyond $90,000.
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