Bitcoin is showing signs of weakness again as new U.S. economic data reduces expectations for interest rate cuts in 2026. BTC is still trading in a tight range, but analysts warn that the downside risk is increasing as markets adjust to a stronger-than-expected economy and continued ETF outflows.
At the time of the update, Bitcoin was trading near $89,400, slightly above this week’s low of $87,200.
Strong U.S. GDP Report Shakes Rate Cut Hopes
A fresh report from the U.S. Bureau of Economic Analysis (BEA) showed the economy grew 4.4% in Q3, beating the previous estimate of 4.3%. The result also came in stronger than Q2 growth of 3.8%.
This stronger GDP performance is important because it reduces the urgency for the Federal Reserve to cut rates. Many investors believe risk assets like Bitcoin perform best when the Fed shifts toward easier monetary policy.
Market expectations shifted quickly after the data:
- Polymarket odds of three Fed cuts this year reportedly dropped by 11% to 27%
- Analysts now expect Q4 growth could rise above 5%, which may keep the Fed cautious
Bitcoin ETFs See Heavy Outflows Again
Bitcoin is also facing pressure from selling in spot Bitcoin ETFs. Data from SoSoValue shows:
- $708 million in ETF outflows on Wednesday
- Up from $408 million the previous day
- More than $1.5 billion has left Bitcoin ETFs in the last three days
ETF outflows often signal reduced institutional demand in the short term, which can weaken price support during market uncertainty.
Investors May Be Rotating Into Gold
Another major reason crypto may be slipping is rising interest in traditional safe-haven assets.
Gold prices have jumped to record highs, and Goldman Sachs reportedly raised its gold target to $5,400, citing growing demand from central banks and corporations.
This suggests some investors are shifting money away from high-risk assets and into safer stores of value—especially during global uncertainty.
Bitcoin Price Prediction: Key Technical Levels to Watch
From a technical perspective, Bitcoin has pulled back sharply after hitting its year-to-date high near $97,790, falling to around $89,300.
Key bearish signals mentioned by analysts include:
- BTC breaking below the ascending triangle support
- Price staying under the 50-day moving average
- RSI falling below 50, showing weakening momentum
Important Support Zone
Next key support: $80,485
This level matches Bitcoin’s low from November and is now a major downside target if selling continues.
Final Thoughts
Bitcoin remains vulnerable as strong U.S. GDP data lowers the chances of rate cuts and ETF outflows continue rising. Unless BTC can reclaim stronger resistance zones, the market may remain under pressure, with $80K becoming a key level traders are watching closely.
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