Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnAISquareMore
Bitcoin retreats from resistance as US GDP beats expectations

Bitcoin retreats from resistance as US GDP beats expectations

CointimeCointime2023/11/29 19:09
By:Cointime

Bitcoin retreated from resistance levels following the release of better-than-expected US GDP figures on November 29. The retracement was in line with previous short-term price movements. The GDP data, which showed Q3 growth of 5.2%, raised concerns about how the Federal Reserve would handle policy ahead of an interest rates decision in mid-December. Analysts suggested that Bitcoin was likely to continue consolidating, with some eyeing potential downside opportunities and others predicting a fresh bout of upside volatility.

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

CandyBomb x DGAI: Trade to share 60,000 USDT

Bitget Announcement2026/09/03 13:00

CandyBomb x DEBIT: Trade to share 45,000 USDT

Bitget Announcement2026/09/01 13:00

Bitget Will Support the BounceBit (BB) Contract Swap

Bitget Announcement2026/09/01 08:00

Hold USDGO for dual perks, earn up to 30%+ APR!

Bitget Announcement2026/09/01 02:00