According to CoinMeta, analysts said that Bitcoin once fell to around $83,500 on Wednesday and is now fluctuating near $84,200, which represents a decline of over 2% from Tuesday's high of around $86,500. However, it is still within the range of $83,000 to $87,000, and the stepped upward trend has not been disrupted. Giottus CEO Vikram Subburaj indicates that since July, BTC has formed a stepped pattern through progressively higher sideways ranges, with $83,000 being the current key support level. FXPro Chief Market Analyst Alex Kuptsikevich believes that around $84,000 is an even more important support level, and if it breaks below that, it could fall further to around $80,000.