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Bitcoin rebounds on Wall Street open as exchange BTC reserves plunge after $42K dip
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Bitcoin (BTC) recovered from a dip below $50,000 on Dec. 8 as Wall St. trading opened on a fresh bullish note.
Data from Cointelegraph Markets Pro and TradingView captured a classic rally for BTC/USD on hourly timeframes, gaining $2,000 in a single one-hour candle.
The pair had hit daily lows of $48,656 on Bitstamp before a dramatic trend change brought back the psychologically significant $50,000 level.
Buckle up
#Bitcoin held crucial level and continues probably to a new test at $51.6K and $53.6K. Nice!
As positive signals began to emerge from well-known names on social media, sentiment likewise felt the benefit, exiting "extreme fear" for the first time since Friday's crash below $42,000.
Popular trader Rekt Capital, who earlier eyed healthy
Read more on cointelegraph.comAbout this in other media
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