ביטקאָין פּרייַז פיילז צו צוריקקריגן $ 17 ק מיט מאַרק 'ניט צוגעגרייט' פֿאַר טונקען

ביטקאָין (בטק) divided traders yet again on Dec. 21 as sideways BTC price action split opinion on the future.

$ 17,500 ווערט פאָלקס בטק פּרייַז ציל

דאַטן פון קאָינטעלעגראַף מאַרקעץ פּראָ און TradingView followed BTC/USD as it acted within a tight range just below $17,000.

A single brief spike above the $17,000 mark failed to last, the pair returning to familiar territory from the past week.

For popular traders, there was a lack of consensus, with some calling for an eventual breakout to the upside and others פאדערן a rapid fall toward $10,000.

“I’d want it to hold $16.7K in order to see continuation on Bitcoin,” Michaël van de Poppe, founder and CEO of trading firm Eight, דערציילט Twitter followers on Dec. 20:

“For now, it’s fine. Some sideways consolidation, before breaking $17K for further continuation to $17.5-17.7K.”

Fellow trader and analyst Elizy מסכים on the potential for a rethink once $17,500 hit, while Crypto Tony also eyed that zone as a line in the sand.

“Holding that EQ would still present a good opportunity for us to pump to the supply zoned around $17,300 – $17,600. My stop loss on my short is if we close above $17,600,” he קאַמענטאַד alongside a chart on the day.

Trading resource Game of Trades, meanwhile, eyed the potential for the S&P 500 to punish bears next.

“Short squeeze setup in the works for the market,” it פּרעדיקטעד alongside a put/ call ratio chart for the index:

“A big move up and it’s game over for all these puts.”

Far from bullish, on the other hand, Il Capo of Crypto warned that a downside move would take market participants by surprise.

“Most people are not prepared for what is coming and it shows,” he tweeted, echoing a tone in place for much of the year.

די קאַפּאָ פון קריפּטאָ אַדישנאַלי אנגעוויזן that “some altcoins leading the drop already, breaking key supports and most of them making new lows.”

“So calm being out of the market,” he added:

U.S. dollar stable after Japan shake-up

נאָך surprise events involving the Bank of Japan (BoJ) the day prior, the U.S. dollar began to consolidate after seeing a fresh drop.

פֿאַרבונדענע: "פארגעסן אַ דרייפּונקט" - מארקפלעצער וועט נישט זען פעד קורס שניידן בוסט אין 2023, זאגט אַנאַליסט

The U.S. Dollar Index (DXY), ostensibly still inversely correlated to crypto markets, focused on the 104 mark at the time of writing.

“DXY lower due to other currencies becoming relatively stronger on hawkish policy —> stocks + crypto down/sideways,” commentator Tedtalksmacro סאַמערייזד in part of a Twitter reaction to the BoJ.

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