(12/3, Sat) btc rose above $17k again keeping sideways move for 2 days

in #btc2 years ago

Yesterday(12/2 00:00 - 24:00, UTC+0), bitcoin price recorded its starting as $16956, its lowest as $16706, its highest as $17156, its closing as $17083. After the start of Friday, Bitcoin moved sideways near the opening price, then rose, reached a peak at 13:15, fell immediately, reached a low 15 minutes later, then rebounded again and ended 0.8% up.

Looking at the 4hr chart, Bitcoin, which fell below $17k the previous day, rebounded weakly and rose again to above $17k, which seems to be going an N-shaped upward pattern. On the daily chart, after breaking through $17k on 11/30, it is showing a sideways trend, and as long as there are no major bad news, the upside seems more likely.

Although solid employment indicators came out in the macro market, the stock market, dollar index, bond yields, and oil prices all fell as negative factors did not affect the market. This seems to be because the market is thinking of rising rather than falling at the end of the year, and Bitcoin also feels supported around $17k, and is likely to rise as the stock market rises.

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