Bitcoin price jumps to $81.5K as US GDP data beats expectations BTC price action returned to a key weekly resistance level as US stock markets digested Alphabet’s Q3 earnings miss.
Bitcoin (BTC) rebounded above $81,000 after Thursday’s Wall Street open as US GDP numbers stayed strong and inflation data conformed to estimates
Key points: – Bitcoin jumped to $81,547 on the back of strong US macro data, dismissing Alphabet’s Q3 earnings miss. – US PCE data conformed to expectations at 3.6% year-on-year, while Q3 GDP came in higher at 3.4% versus 3.2% expected. – BTC/USD needs to reclaim $81,400 by the weekly close, per analysis by Rekt Capital. Bitcoin brushes off Alphabet earnings miss Data from TradingView showed BTC/USD reaching $81,547 on Bitstamp after dropping as low as $79,607 following Wednesday’s daily close. BTC/USD one-hour chart.