Bitcoin yo-yos on US macro data amid call for BTC price to retest $17K

Bitcoin yo-yos on US macro data amid call for BTC price to retest $17K

Bitcoin (BTC) flashed volatility at the Jan. 6 Wall Street open after fresh United States economic data disappointed risk-asset bulls.

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

Analyst: BTC price in line for $17,000 retest

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dipping to $16,669 on Bitstamp around non-farm payrolls and unemployment figures.

Both those came in better than expected, with mixed implications for the Federal Reserve having room for…


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