Bitcoin price taps $17.5K as traders in ‘disbelief’ doubt crypto rally

Bitcoin price taps $17.5K as traders in ‘disbelief’ doubt crypto rally

Bitcoin (BTC) staged a brief but promising return to $17,500 overnight on Jan. 11 as newfound strength lingered.

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

Bitcoin fails to win over skeptical traders

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting new local highs of $17,504 on Bitstamp.

Almost tying with the peak from Dec. 16, the pair displayed rare upside momentum against a backdrop of some of the lowest volatility ever seen over the holiday…


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