Bitcoin (BTC<\/a>) maintained $17,000 support into Dec. 10 ahead of a critical week of macro data.<\/p>\n Data from Cointelegraph Markets Pro<\/a> and TradingView<\/a> followed BTC\/USD as it traded sideways after the close of trading on Wall Street.<\/p>\n 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.<\/p>\n With the Producer Price Index (PPI) November print behind it, the month\u2019s Consumer Price Index (CPI) results took center stage.<\/p>\n As Cointelegraph reported<\/a>, expectations remain that CPI will show U.S. inflation continuing to abate, sparking renewed strength in risk assets, including crypto. <\/p>\n \u201cMy 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,\u201d Micha\u00ebl van de Poppe, founder and CEO of trading firm Eight, wrote in a Twitter thread<\/a> on the topic.<\/p>\n Van de Poppe added that the Federal Reserve\u2019s Federal Open Market Committee (FOMC) meeting on Dec. 15 should respond in kind should that outcome result. <\/p>\n \u201cFOMC to pause and slow down after this event,\u201d he predicted.<\/p>\n Macro economist and stocks analyst James Choi meanwhile produced a list<\/a> of stock market catalysts as the week closed, these including emerging markets and \u201cnever ending suppression\u201d in the VIX volatility index.<\/p>\n \u201cUSA Peak inflation, Weaker $USD, China reopening are making some great investing opportunities. Chinese Real estate ETF $CHIR up staggering 80% since November. Unbelievable,\u201d he added<\/a>.<\/p>\n Continuing on China, 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).<\/p>\n Related:\u00a0Price analysis 12\/9: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, DOT, LTC, UNI<\/a><\/em><\/strong><\/p>\n Now heading higher, if history repeats itself, BTC\/USD could benefit in kind, he said<\/a> in one of several Twitter posts this week.<\/p>\n \u201cFew signals have correlated with Bitcoin’s macro inflections as tightly as China’s 10-year yield,\u201d further commentary read<\/a>. <\/p>\n \u201cLocal tops at major $BTC impulse tops. Local CN10Y downtrend breaking with 3W RSI exceeding 50… Began each of Bitcoin’s last 3 largest moves.\u201d<\/p><\/blockquote>\n The views, thoughts and opinions expressed here are the authors\u2019 alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.\n<\/p>\n<\/div>\n![](\"https:\/\/s3.cointelegraph.com\/uploads\/2022-12\/7a6388c1-5023-4b63-b567-5b2e13861ec3.png\")
CPI print will make Fed “slow down”<\/h2>\n
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China gets Bitcoin bulls excited<\/h2>\n
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