Bitcoin (BTC) was back on May ane every bit the largest cryptocurrency regained $9,000 later on climbing seven% in less than 24 hours.

Cryptocurrency market daily overview

Cryptocurrency market daily overview. Source: Coin360

BTC price shoots for fresh $9K support

Data from Cointelegraph Markets and CoinMarketCap showed a triumphant return to form for BTC/USD, which a day previously had fallen every bit low as $8,400.

After what appeared to be a mass profit-taking do during its trip to $9,450 this week, Bitcoin again surged higher afterward tanking $ane,000.

At press fourth dimension, $9,000 was however in the process of settling, with its status as support over resistance nevertheless uncertain.

Bitcoin 1-day chart

Bitcoin 1-solar day chart. Source: CoinMarketCap

Nonetheless, vii.2% daily gains formed yet some other sign of Bitcoin's strength, following an unprecedented catamenia of recovery of 160% versus March lows of $3,600.

"I'm truly, truly impressed," Cointelegraph analyst Michaël van de Poppe tweeted about Fri's performance.

Fun office, this picture will be as small as 2022 is correct now, in just some years from at present.

Van de Poppe had previously said that he saw resistance kicking in at a maximum of $9,400, with a support floor at $8,200 in the issue of a market drop.

"First significant resistance striking," he added every bit $9,000 briefly reappeared.

Range nevertheless structured afterward that bounciness from $8,400. Pause above $ix,000-9,050 and I'grand aiming for $9,300-ix,400 once again for potential shorts.

Cointelegraph has closely tracked Bitcoin's toll beliefs this week and will continue to practice so as the long-awaited cake advantage halving nears and fiat markets remain highly unstable.

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