Bitcoin Declines Amid Weak Global Risk Appetite

By Mostafa Mahmoud On Dec 16, 2025

BTCUSD

Bitcoin is trading above the $84,050 support level, which is likely to limit the pace of the decline during today’s trading session.

Support	84050	83000
Resistance	90700	95700

Bitcoin saw a notable decline during today’s trading, weighed down by a cautious tone across global markets and a pullback in risk appetite, particularly amid ongoing pressure on technology stocks and investor anticipation of key U.S. economic data. The move appears to be corrective in nature, following repeated failures to hold above key resistance levels, which prompted some traders to reduce positions and lock in profits.

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Mostafa Mahmoud

Mostafa Mahmoud Technical Analyst at LDN Mostafa has half a decade of experience in the field of financial markets between technical analysis and financial portfolio management, which extends to more than one financial market between stocks, commodities, currencies and the debt markets.

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