Bitcoin Fails to Break Through $84,800, Triggers Correction

Bitcoin failed to break through $84,800 and has triggered corrections. According to @CryptoMichNL's warning, the price is now focusing on the $81,800 zone as its next critical test.

The Bitcoin price currently sits at $82,788.88 on the 4-hour chart, testing the lower Bollinger band support at $83,024.36.

The MACD death cross of -133.33 maintains a bearish structure, while the RSI remains neutral at 36.96.

This could lead to a pullback towards the EMA50 resistance-turned-support at $83,456.86 before any sustained rebound is possible.