BTC price levels to watch as Bitcoin limps into Christmas under $17K
The lack of volatility speaks volumes as one analyst argues that Bitcoin is only worth investing in below $12,000 or above $19,000. Bitcoin (BTC) entered the Christmas holiday period unchanged at $16,800 as an eerie lack of volatility persevered. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Hopeful price target sees Bitcoin at $17,400 Data from Cointelegraph Markets Pro and TradingView confirmed another day of an almost imperceptible range for BTC/USD just below $17,000. The pair had struggled to break out despite multiple potential catalysts coming from United States economic data prints. With the holiday season ahead, a Santa rally appeared unlikely, while a lack of significant events to come further reduced the chances of flash volatility. In weekend analysis, however, Michaël van de Poppe, founder and CEO of trading firm Eight, nonetheless reiterated the possibility of a step higher to near $17,500 should current levels hold. “Bitcoin still holding levels here as ...