Bitcoin's market faced a bearish shock as it sharply declined at the weekend's monthly close, according to Greeks.Live researcher Adam. This downturn resulted in losses for long option buyers and raised concerns about further downward movement. Traders have identified $83,000 as the next key support level, noting a lack of significant buying interest above this threshold. Despite the current bearish sentiment, some traders remain cautiously optimistic about Bitcoin's potential to reach a new all-time high, though the timing remains uncertain.