Bitcoin nudges closer to 54k

The rebound in Bitcoin is continuing this afternoon as it rises to session highs just short of 54k. It has not been above 54k since breaking below that price point on April 22. The further rebound today comes as recaptures $2500 today. So, clearly it still looks like Ether is calling the shots for Bitcoin. The move higher in Ether has seen that rise to 2528 so far, but it is just now backing away from that earlier session high and that is stalling the Bitcoin rebound just short of 54k. The high seen so far has been set at 53,985 so it has already appreciated nearly $7000 since basing in Asia at 47,078 earlier today. Hence that might be enough of a rebound as far as this session is concerned and unless Ether can take out more topside the immediate risk of dip backwards in Bitcoin is probably rising right now. Bitcoin is just now trading at 53,820