Bitcoin price has dropped by 2% in 30 minutes during the Asian session

At press time, Bitcoin was trading at $84,124.00 with an intraday loss of 1.5%. Furthermore, the Bitcoin price slipped by 2% in just 30 minutes during the beginning of the Asian session. The trading volume increased by 8% to $28.9B during that sharp move. Amid this fall, Open Interest (OI) didn’t drop more and recovered immediately. This data suggests that buyers have bounced back and can hold the price. BTC price has slipped below its immediate support level of $84,500 and is heading for the next support level of $82,500. Bitcoin price could bounce back from this level and can form a new high of the year.