Bitcoin is cooling its rally — Here are the BTC price levels to watch next

Cointelegraph

Published Oct 27, 2022 12:41PM ET

Updated Oct 28, 2022 06:00AM ET

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: TradingView

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.

U.S. dollar index (DXY) 1-hour candle chart. Source: TradingView
Fed target rate probabilities chart. Source: CME Group (NASDAQ:CME)
BTC/USD annotated chart. Source: Rekt Capital/Twitter
BTC/USD annotated chart. Source: Il Capo of Crypto/Twitter

Continue Reading on Coin Telegraph