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Bitcoin price hits $17K on US PPI as trader warns of ‘final capitulation’

Published 11/15/2022, 10:10 AM
Updated 11/15/2022, 02:40 PM
Bitcoin price hits $17K on US PPI as trader warns of ‘final capitulation’
DX
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BTC/USD
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BTC/USD
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Bitcoin (BTC) spiked to $17,000 at the Nov. 15 Wall Street open as fresh United States economic data continued to show inflation cooling.

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

Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it came closer to multi-day highs.

U.S. Producer Price Index (PPI) chart. Source: Bureau of Labor Statistics
U.S. dollar index (DXY) 1-day candle chart. Source: TradingView
BTC/USD annotated chart. Source: Matthew Hyland/Twitter

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