BTC price faces 20% drop in weeks if Bitcoin avoids key level — analyst

BTC price faces 20% drop in weeks if Bitcoin avoids key level — analyst

Bitcoin (BTC) stayed rigid below $17,000 at the Dec. 19 Wall Street open as skeptical traders feared more downside.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

BTC traders call time on upside potential

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD lingering around the $16,700 mark, practically unmoved over the weekend.

The pair saw only fractional volatility at the open, as United States equities fell slightly. At the time of writing, the S&P 500 and Nasdaq…


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