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

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

(BTC) consolidated gains on Oct. 27 as the highest levels in six weeks gave way to sideways action.

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.

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