The bitcoin price stumbled into December with fresh volatility, plunging 8% early Monday to the mid-$84,000s before clawing back toward $85,456 at the time of writing.

The world’s largest digital asset is now teetering at a key $85,000 level — a price band analysts say could determine whether the bitcoin price stabilizes or slides toward a deeper test of $75,000 in the weeks ahead.

The pullback extends a two-month downtrend that has erased more than 30% from Bitcoin’s October record highs. Over the past 24 hours, BTC traded between $91,866 and $83,800, with thin liquidity and a surge in forced liquidations accelerating the move.

Bitcoin price key levels: $85,000,… Read more on BitcoinMagazine