Bitcoin (BTC) fell below $84,000 on Thursday as investors continued to take profits after the cryptocurrency's rally to its highest level since January. However, it has slightly recovered and is now trading above $84,200. Despite the decline, sustained exchange-traded fund inflows and accumulation by larger holders suggest that underlying demand remains constructive. Bitcoin also continues to trade well above its major daily moving averages, leaving its broader bullish structure intact. The immediate test is whether buyers can defend the current area and reclaim resistance at $85,000. Profit-taking weighs on Bitcoin price Bitcoin began the week with a 6.7% gain on Monday, climbing to $87,395 before sellers began locking in profits.