India, Sept. 29 -- Bitcoin was trading near $83,050 late on September 29, according to TradingView's Binance BTC/USDT chart. BTC has fallen from a September 21 high of around $87,400. The daily price moved below $84,000, but Bitcoin was still above its 20-day simple moving average of $80,944.

This puts Bitcoin between the recent high near $87,400 and a nearby support zone around 82,600-83,000. The fall happened as US Treasury yields moved higher and oil prices remained volatile. These factors provide a broader market backdrop, but the price chart alone cannot show whether the decline was caused by profit-taking, changing interest-rate expectations or other selling.

Bitcoin's latest 4-hour candle fell from an opening price of about $84,3...