Bitcoin bulls protect $17K as trader eyes key China BTC price catalyst

The pair looked set for a quiet weekend, with all eyes focused on United States inflation readings and policy updates due from Dec. 13 onward.

With the Producer Price Index November print behind it, the month’s Consumer Price Index results took center stage., expectations remain that CPI will show U.S. inflation continuing to abate, sparking renewed strength in risk assets, including crypto. “My personal expectations are that we'll be seeing CPI come in at 7.0-7.2%, Core CPI at 5.9-6.1% and that we'll have a big impact on the markets again,” Michaël van de Poppe, founder and CEO of trading firm Eight, wrote in aVan de Poppe added that the Federal Reserve’s Federal Open Market Committee meeting on Dec. 15 should respond in kind should that outcome result.

“USA Peak inflation, Weaker $USD, China reopening are making some great investing opportunities. Chinese Real estate ETF $CHIR up staggering 80% since November. Unbelievable,” he

4 hour bearish divergence yet to be filled.

China a Communist country saves the day.

Breaking $17.3k is just a matter of time

Please brother 😢 i swear to god i want pay my dept, this is my BTC address : 17CbHF3ztKJYJc9jA85AMpShW3D2d1c9uv

why not fueled by reliable information on Twitter 2.0?

👀👀🫡

wish -26-28k$..

I wouldn‘t mind a little xmas rally

Guess it worth betting some $USDT on BTC right now 🫡

send it 🚀🚀

Crypto analyst and trader TechDev outlined a potential leading indicator for Bitcoin strength in the form of the Chinese ten-year bond yield versus the U.S. dollar index (DXY).

marketmove is expected to have long term organic growth

TRON 👀💎💎💎💎🚀🚀🚀

Good that Tether launched CNHT then

I am ready to see some rally on Bitfinex in December-January, but in 2023 the markets will be even lower.

The raging bull might pop up again!

China, I dubt it

What about the gold thing? With Xi?

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