The price of (BTC) held the $ 50,000 level as support overnight on December 8, amid confidence that the 2021 bull market is not over yet.
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1-hour candlestick chart of the pair (Bitstamp). Source: TradingViewThe Bright Side of BTC Week Data from Cointelegraph Markets Pro and TradingView showed that the BTC / USD pair tested but failed to break above $ 50,000 after hitting local highs of $ 51,990 on Bitstamp on Tuesday.
The pair had accelerated early in Wall Street trading, adding to existing gains from Sunday to give BTC some short-term relief.
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