Bitcoin (BTC) consolidated gains on Oct. 27 as the highest levels in six weeks gave way to sideways action.
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin impresses with stability on GDP print
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD circling $20,500 on Bitstamp after reaching local highs of $21,012 the day prior.
The largest cryptocurrency treaded water in line with United States equities at the Wall Street open, with the S&P 500 flat and the Nasdaq Composite Index down around 1% at the time of writing.
The U.S. dollar index (DXY), meanwhile, began to claw back losses on the day, providing a headwind to risk assets absent for much of the week. The DXY had seen its lowest levels since mid-September.
U.S. dollar index (DXY) 1-hour candle chart. Source: TradingViewAhead of a decision on interest rates by the Federal Reserve, gross domestic product (GDP) data showed a rebound for the U.S. economy in Q3.




