In the past week, the price of Bitcoin has repeatedly attempted to hit the pressure zone around $86000. However, the price of BTC almost always recovers to the $83000 mark, thus encountering the firm resilience of Bitcoin bears. Recently, Bitcoin has been moving towards the $86000 level, but it has started to backtrack in response to Federal Reserve Chairman Powell's suggestion that lowering interest rates may not be as expected by cryptocurrency traders. The next major move in Bitcoin price will mainly depend on the levels of $83000 and $86000. According to cryptocurrency experts, a breakthrough above the $86000 mark could signal the start of Bitcoin's bullish run, while a break below $83000 could indicate further correction by market leaders.