Bitcoin (BTC) rose to reclaim $9,500 on May 14 as the recovery from last weekend'due south $one,200 crash gained fresh momentum.

Cryptocurrency market daily overview

Cryptocurrency market daily overview. Source: Coin360

BTC price upward eleven% in days

Data from Cointelegraph Markets and CoinMarketCap showed BTC/USD quash another resistance barrier in Thursday trading, taking iii-day gains to 11%.

The past 24 hours solitary has seen an uptick from closer to $viii,900.

At press time, $9,500 appeared to exist holding, the level marker a $1,300 comeback versus a momentary wick to $eight,200 during the crash.

$8,200 marks the current zone of Bitcoin's 200-twenty-four hours moving average.

Bitcoin 1-day chart

Bitcoin 1-day chart. Source: CoinMarketCap

Bitcoin'southward fortunes this week contrast it even further with traditional markets and macro assets. This stock "decoupling," which Cointelegraph reported on previously, shows no signs of abating.

As Cointelegraph analyst Scott Melker wryly summarized on Twitter:

Remember that 24-hour interval that stocks dumped and Bitcoin went up? That was today. And yesterday. They're not correlated at present, and they weren't correlated before. Thanks.

For young man analyst Michaël van de Poppe, paying likewise much attention to correlating markets in times of crunch and after was a dangerous game.

"When shit hits the fan (which was in March), all correlations tend to get towards i," he tweeted on Thursday:

Since so, gold, silver & Bitcoin have been resilient for any downwards motility and showing force apart from the equity markets. Don't pin yourself on those correlations.

Meanwhile, the latest technical analysis from Cointelegraph Markets shows several metrics once again suggesting that BTC is back on track toward the key $10,000 level.

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