BTC is currently trading just above $16,500, which is the critical resistance. It is trying hard to validate the current upswing. Therefore, a slight pullback close to the previous resistance could be prominent before the price moves up.
Bitcoin closed November price at $17.1k and started December at the same price based on UTC time update. Now Bitcoin is trading at $16.9k and was trading at $17,050 at 12:15 PM according to the CMC chart.
We are still waiting to see what will happen in December and the price of $17k is still a price that will hold on despite the difficulties in the market.
It is highly probable that the price will cross the $17k to be traded this week.