BTC fell below $86,000; it is currently trading around $85,911.90, down 1.30% on the day.
The developments recorded on December 16th show a short-term correction in the cryptocurrency market during the trading session.
- BTC price: $85,911.90; 24h: -1.30%.
- It just crossed the $86,000 mark.
- Selling pressure prevailed throughout the day.
Current BTC price
BTC is currently at $85,911.90, down 1.30% in 24 hours and has just fallen below the $86,000 mark.
As observed on December 16th, breaking through the round mark of $86,000 typically leads to increased volatility when stop-loss orders and liquidation around this level are triggered.
There is no further data on volume, funding, or liquidations to assess the sustainability of the downturn.
Rapid developments
The price slipped below $86,000 and then Peg around $85,911.90 during the December 16th trading session.
The 24-hour change is currently -1.30%, reflecting the intraday correction. Investors should monitor the price reaction around $86,000 to determine whether this becomes short-term resistance.
Further updates on volume, Order Book depth, and Derivative volatility will help confirm the next trend.
