ביטקאָין אַנאַליס אויג וויקאַנינג יו. עס. דאָלאַר ווי בטק פּרייַז פייץ פֿאַר $ 17 ק

ביטקאָין (בטק) bulls attempted to retake $17,000 into the Dec. 4 weekly close as volatility looked set to return to the market.

Bollinger Bands demand BTC pricevolatility

דאַטן פון קאָינטעלעגראַף מאַרקעץ פּראָ און TradingView showed BTC/USD crisscrossing the $17,000 mark — a focal point throughout the weekend.

With macro cues still to come, Bitcoin looked for catalysts as signs of volatility crept into low timeframes.

Among those eyeing a potential break of the status quo was popular trader Cheds, who אנגעוויזן that the Bollinger Bands volatility indicator was flashing on the 4-hour chart.

Bollinger Bands constricting signals that volatility is due soon, and on the day, 4-hour chart bands were at their narrowest since Nov. 27 — just before BTC/USD gained $1,000.

Fellow trader Crypto Tony meanwhile stayed put on his short-term BTC price theory.

“Simply no change over the last few days,” he דערציילט טוויטטער אנהענגערס.

“We are grinding more into the EQ / mid range, but i wouldn’t be surprised to see a wick up to form an SFP and back down.”

Previously, Crypto Tony פלאַגד $21,500 as a target to aim for if bulls were to take control and change the trend.

U.S. dollar index reverses relief bounce

The coming week meanwhile looked increasingly important for the U.S. dollar and, by extension, risk asset performance.

פֿאַרבונדענע: ביטקאָין מיינער אַוטפלאָו פאַרהעלטעניש היץ 6-חודש הויך אין נייַ סאַקאָנע צו בטק פּרייַז

Already at its lowest levels in five months, the U.S. dollar index (DXY) looked decidedly bleak at the end of the prior week’s trading.

A bounce to 105.6 on Dec. 2 reversed almost entirely through the day, DXY finishing on 104.5.

For technical analyst Gert van Lagen, it was all part of the plan, with bearish DXY signals apparent even in November.

“Swift bearish continuation would be normal here,” he געשריבן in analysis on Nov. 23 to which he returned over the weekend.

“Correction ongoing,” trading resource Stockmoney Lizards צוגעגעבן about DXY performance.

די מיינונגען, געדאנקען און מיינונגען אויסגעדריקט דאָ זענען די מחברים 'אַליין און טאָן ניט דאַווקע פאַרטראַכטן אָדער רעפּראַזענץ די מיינונגען און מיינונגען פון קאָינטעלעגראַף.