Bitcoin falls below $83,000 as $80,000 support comes into focus

Bitcoin has risen sharply from its July low, but its recovery has slowed.

It is now trading below some short-term price markers, and $80,000 is a key level to watch.

If it holds there, the recent drop may be a pause in the recovery; if it falls further, the price could move toward $75,000.

Bitcoin would need to rise above $87,400 to strengthen the recovery.