The price of Bitcoin (BTC) remained unchanged at $29,000 during the Wall Street open on April 27, 2023, as the United States gross domestic product (GDP) growth failed to meet expectations. Data from Cointelegraph Markets Pro and TradingView showed that BTC/USD had stabilized after experiencing flash volatility the previous day. The largest cryptocurrency had liquidated over $300 million in long and short positions, following a snap correction over claims that Mt. Gox and the U.S. government’s Bitcoin had left their wallets. The GDP growth came in at 1.1%, which was far below predictions, resulting in the failure to offer a suitable catalyst. Financial commentator Tedtalksmacro noted that growth expectations were falling fast while Peter Schiff, the chief economist and global strategist at Europac, predicted that inflation would persist due to the Federal Reserve’s actions, which was set to decide on the next changes in interest rates the next week. As for Bitcoin, traders’ short-term price targets were decidedly conservative. Michaël van de Poppe, founder and CEO of trading firm Eight, highlighted upside and downside levels close to the spot price. Daan Crypto Trades noted that BTC/USD had practically come full circle in 24 hours with leverage flushed from the system.