Bitcoin price aims for $52K as stocks rebound fuels bullish return
Bitcoin (BTC) attempted to crack $51,600 resistance throughout Dec. 7 as BTC/USD gained in line with an equities rebound.
Data from Cointelegraph Markets Pro and TradingView showed the largest cryptocurrency making repeated assaults on the $51,600 mark Tuesday.
At the time of writing, the latest charge was ongoing, as the Wall St. open added further bullish momentum towards $52,000. Bitcoin was up almost 6% overnight.
"Bitcoin rejecting at $51.6K. That's an important level, just like $53.5-55.5K is," Cointelegraph contributor Michaël van de Poppe commented earlier.
Nerves were still palpable across crypto markets amid broad belief that the current gains could be a so-called "dead cat bounce" and that a return to lower levels awaits.
Nonetheless,
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