HomeUncategorizedBTC price tests $17K on PPI as Bitcoin analysts eye CPI, FOMC catalysts By Cointelegraph

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

December 10, 2022

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© Reuters.

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

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:)
(DXY) 1-hour candle chart. Source: TradingView