Bitcoin yo-yos on US macro data amid call for BTC price to retest $17K

January 7, 2023

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Cryptocurrency 20 minutes ago (Jan 07, 2023 12:20PM ET)

Bitcoin yo-yos on US macro data amid call for BTC price to retest $17K © Reuters.

(BTC) flashed volatility at the Jan. 6 Wall Street open after fresh United States economic data disappointed risk-asset bulls.

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

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dipping to $16,669 on Bitstamp around non-farm payrolls and unemployment figures.

BTC/USD order book data (Binance). Source: Material Indicators/ Twitter

Fed target rate probabilities chart. Source: CME Group (NASDAQ:)

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