In the 89 days since entering 2025, the total value of the cryptocurrency space has shrunk by $610 billion, from around $32,700 to $2.66 trillion. Bitcoin is trading between $82,856 and $83,032, with a market cap of around $1.65 trillion and a 24-hour global trading volume of close to $14 billion. Currently Bitcoin is showing signs of a short-term consolidation, despite a temporary upswing, volume patterns suggest weaker buyer engagement, lower highs and lower lows suggest a broader downtrend will continue, resistance at $84,500 remains the key level, while support at $81,600 is crucial.