Bitcoin rebounded above $81,000 after Thursday’s Wall Street open, reaching $81,547 on Bitstamp after falling as low as $79,607 following Wednesday’s daily close, according to TradingView data. The rebound came alongside US economic data, though the report does not establish that the data caused the move.
September US PCE inflation was 3.6% year on year, in line with expectations, while the final estimate for third-quarter GDP was 3.4%, above the 3.2% expected. Bitcoin still faced resistance: analyst Rekt Capital said it needed to reclaim $81,400 by the weekly close.
