BTC price tests $17K on PPI as Bitcoin analysts eye CPI, FOMC catalysts By Cointelegraph – Investing.com

BTC price tests $17K on PPI as Bitcoin analysts eye CPI, FOMC catalysts By Cointelegraph – Investing.com

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Cryptocurrency 6 hours ago (Dec 11, 2022 01:20PM ET)

BTC price tests $17K on PPI as Bitcoin analysts eye CPI, FOMC catalysts © Reuters

Bitcoin (BTC) fell on the Dec. 9 Wall Street open as United States economic data appeared to disappoint markets.

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

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dipping to come closer to $17,000 after passing the level overnight.

Fed target rate probabilities chart. Source: CME Group (NASDAQ:CME)
U.S. dollar index (DXY) 1-hour candle chart. Source: TradingView

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BTC price tests $17K on PPI as Bitcoin analysts eye CPI, FOMC catalysts

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