Bitcoin (BTC) Nears $82,000 After Thursday's US GDP Beat

Bitcoin Rebounds From $79,607 Low

Barely two hours into Thursday's Wall Street session, the Bitcoin (BTC) price had run from a $79,607 low, set after Wednesday's daily close, to $81,547, as United States macro data landed firmer than forecast. The final estimate for third-quarter gross domestic product printed at 3.4%, above the 3.2% economists had penciled in, while the September Personal Consumption Expenditures index, the inflation measure Federal Reserve policymakers follow most closely, rose 0.5% from August and 3.6% year on year, matching expectations. “Excluding food and energy, the PCE price index increased 3.1 percent from one year ago,” the Bureau of Economic Analysis stated in its official release. The combination confirmed that growth was holding up while leaving the rate outlook untouched, and the market answered the print within minutes.

US equities opened the session on the opposite foot. Stock markets opened lower, led by Alphabet, whose stock fell 12% after missing Q3 earnings and revenue estimates, and the technology complex spent the morning under pressure. Bitcoin (BTC) moved the other way, shrugging off the miss and decoupling from the equity tape at the hour the GDP figure crossed the wires. Traders had spent the prior session marking time under $80,000, and the data handed them the trigger to bid the top of the range across the wider Bitcoin market. By the time cash equities found their footing, spot had reclaimed the $81,000 handle and was pressing levels last visited before this week's drawdown, erasing the overnight slide in a single session.

The Federal Reserve had set the table a day earlier. At its latest meeting on Wednesday, the central bank left interest rates unchanged at 3.75-4%, as markets anticipated, and chair Kevin Warsh described economic activity as “expanding at a strong pace” while calling inflation “elevated.” “Domestic spending has been resilient. Productivity growth is strong, and capital investment is robust,” Warsh added in the statement, a mix consistent with the decision to hold. The prior day's hold had coincided with Bitcoin (BTC) slipping beneath $80,000, a session our report on the Fed's hawkish hold followed in detail. Chris Rupkey, chief economist at Fwdbonds, read the GDP revision as confirmation the expansion was “powering ahead despite the uncertainty of geopolitical risks and the damage posed to many sectors of the economy by higher energy costs,” adding that real GDP had “bounced back above a 3% run rate in Q3 2026 for the first time in a year.” The rally still faces a defined test. Crypto trader and analyst Rekt Capital set $81,400 as the level buyers need back by the weekly candle close, writing that Bitcoin was “experiencing lots of zig-zagging relative to both the Weekly levels of ~$80,400 and $81,400” that would probably continue into the close, per his latest analysis on X. Overhead supply has capped advances before: COINOTAG's earlier coverage flagged an $85,000 supply wall that rejected price four times in 2026. The calendar adds pressure of its own. With the monthly candle closing on Saturday, Oct. 31, Bitcoin (BTC) was tracking a 3.3% October decline, a sharp miss against the 26% average the month has delivered since 2010, a record skewed heavily toward bull market years.

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Resistance Stacks Below $82,000

Spot stood at $81,787 in COINOTAG's live monitoring at 15:39 UTC, up 0.1% since the data-driven spike and 1.5% over 24 hours, leaving price about $200 under the round $82,000 mark and just beneath the strongest barrier on our composite map: $81,946, scored 96/100 from converging EMA 20, SMA 50 and R1 signals. The nearest support of note sits below at $80,759, scored 67/100, with the composite still available in our full Bitcoin technical analysis readout. Positioning stayed unstressed through the move: the perpetual funding rate printed 0.0063% and open interest held near $16.6 billion. The trend model keeps the higher-time-frame structure labeled a downtrend, a reading consistent with a bear market phase on longer horizons. That condition has held through the whole of October, and it stands only for as long as the weekly close stays below $81,400.