Bitcoin▲ Bullish● Important

Bitcoin Climbs Back to $81.5K as US GDP Data Beats Forecasts

TradingGain Newsroom·1h ago·29 Oct 2026, 15:39 UTC

Bitcoin rose to $81.5K and returned to a key weekly resistance level. The move came as US GDP data beat expectations and US stock markets digested Alphabet's Q3 earnings miss. For traders, the rebound puts bitcoin at a level that could decide its next move.

BTCAt the time of writing, Bitcoin traded at $81,789 (+1.57% in 24h).Live price →

Why it matters

Bitcoin is back at a key weekly resistance level, a price zone traders watch closely.
US GDP data came in above expectations, which can shift broader market sentiment.
US stocks were digesting Alphabet's Q3 earnings miss at the same time.

What to watch next

Whether bitcoin holds above the weekly resistance level it just returned to, or gets rejected from it.

BTCLive chartOpen full chart →

This brief is written by TradingGain from public reporting by Cointelegraph.Read original ↗

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TradingGain News summarises public reports in our own words and always links to the original source. Market Data stories are generated automatically from public exchange data. Nothing on this page is financial advice; always do your own research and use a stop-loss.