I'm seeing here that traders are all hunting for that level of $85k in Bitcoin. An executive from Deribit commented that as long as BTC doesn't recover that level, the long-term trend remains somewhat broken. It makes sense because technically it's an important point. Now with the price at $73.96k, there are many people looking for entry points before it goes higher. The technical analysis folks are hunting for these confirmation signals. Will it be able to close above $85k soon? Many profit hunters are watching this.