Bitcoin jumps 15% from the low as $60,000 holds

Bitcoin has made a significant rebound from a low of $60,017, rising approximately 15% to $69,000. This movement highlights the psychological impact of major round numbers in trading, which have become key levels for investors in the cryptocurrency market. After a prolonged decline over the last four months, the sustainability of this recent uptrend is under scrutiny. The cryptocurrency's performance is also closely tied to the broader stock market, which is seeing mixed results. While the Nasdaq is up by only 0.7%, both the S&P 500 and Russell 2000 are performing better, indicating that not all equities are benefiting from Bitcoin's rise. Notably, major tech stocks like AMZN, GOOG, and META have shown significant declines, raising concerns about the health of the tech sector. With the current resistance at $73K, Bitcoin needs to clear this level to potentially maintain upward momentum as traders look towards the end of the week and the weekend for further indicators.