Bitcoin teases weekly highs as traders eye BTC price leg up to $17.3K

showed BTC/USD reaching highs of $16,766 on Bitstamp — its best performance since Dec. 27.

Analysts and traders were keenly awaiting the start of Wall Street trading after European stocks posted gains the day prior and United States futures followed suit., both equities and gold had looked considerably more appetizing than Bitcoin since the FTX meltdown in November. “If BTC is finally ready to join the party, I could see it run to 17.3K~ as drawn below,” popular trader Crypto Chase$17,300 as a target of interest for bulls should the S&P 500 in particular play out in their favor.about the monthly BTC/USD chart.Prior to the open, the U.S. dollar began to see volatility, retracing a day of swift upside action which took the U.S. dollar index over 104.8 for the first time since mid-December.

“Local move above the weekly from the support I had marked out on USD/EUR,” PA trader Luckshury wrote in an“If It can hold above the weekly I would expect further upside on DXY and thus a move down on ES/Crypto. This again is based on if it can hold that weekly level into support.

Gemini funds locked up since the FTX debacle began total nearly $1 billion, Winklevoss stated, repeating the need for DCG to meet a Jan. 8 deadline to"solve this problem."The views, thoughts and opinions expressed here are the authors’ alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

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