Bitcoin (BTC) is holding its $83,000 floor after an intraday dip to $82,850 — roughly $150 below that mark — according to a report from COINOTAG.

The dip followed a volatile stretch for the largest cryptocurrency by market capitalization. Early last Monday, Bitcoin traded near $80,000 when a sudden bid lifted the price by more than $7,000 in under 12 hours, carrying it through $87,000 — its highest level in eight months.

A second push at the same ceiling came a day later and failed in the same place, with sellers re-emerging near the mark. As a result, the $87,000 zone has capped both advances so far, while $83,000 has held as the near-term floor after today's drop to $82,850. Measured from that eight-month peak, today's dip represents a pullback of more than $4,000, leaving a clearly bounded range of roughly $4,000 between the twice-tested ceiling and the defended floor.

Bitcoin, the original cryptocurrency and the largest digital asset by market value, trades continuously around the clock on venues worldwide, and multi-thousand-dollar swings within short windows are a recurring feature of its price history. Clearly defined support and resistance levels, such as those highlighted in the report, are widely reference points for market participants — and with both sides of this range now marked by repeated tests, upcoming sessions will show whether the $83,000 floor continues to hold against the $87,000 ceiling.

This content was first published on COINOTAG.