Bitcoin's exchange order book analysis indicates a possible dip below $83,000 before challenging a significant resistance level at $90,000. Following a 1.5% drop to $83,974, analysts like Mark Cullen expressed concerns that the support level at $83,000 might not hold, suggesting potential liquidity grabs could occur. Traders expect a short-term trading range of $83,000 to $86,000, especially as the market experiences low volatility. Positive developments include a confirmed breakout from a long-term downtrend, with Bitcoin managing to maintain levels above this downtrend for several consecutive days. However, there is skepticism regarding whether this momentum can overcome further challenges ahead. The market remains sensitive to upcoming developments that could influence price movements significantly, especially with compressed charts capable of triggering large market responses.

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