Bitcoin Price Falters at $83,000 Amid Pressure from Yields and Oil Prices

Bitcoin's price fell to around $83,000 on September 29 after retreating from its recent high near $87,400.

The latest decline brought the price close to a support area with a dense band of potential long liquidations, according to TradingView's Binance chart.

The move leaves Bitcoin between its recent high and a cluster of nearer support levels around $82,600, $83,000.

U.S. Treasury yields and volatile oil prices have been putting pressure on the market, but it's unclear how much of the decline came from profit-taking or changes in interest-rate expectations.