Bitcoin (BTC) toll briefly returned to $ten,000 on May xiv as a fresh spectacular bullish surge entirely canceled out its weekend crash.

Cryptocurrency market daily overview

Cryptocurrency market daily overview. Source: Coin360

Another BTC price crash disappears

Data from Cointelegraph Markets and CoinMarketCap tracked BTC/USD as it rose to retake five figures on Thursday, gaining 13% in the past 24 hours.

Resistance levels in the $9,000 corridor quickly brutal as momentum built to send Bitcoin back to its position from final week.

After reaching just below $10,000, a retracement took markets to press-fourth dimension levels of $9,700 within minutes.

Bitcoin 1-day chart

Bitcoin one-mean solar day chart. Source: CoinMarketCap

As Cointelegraph reported earlier, the moves are independent of other macro assets, indicating that Bitcoin is increasingly "decoupling" from external market place influences.

Analyst: 'No mail-halving dump' on the horizon

For Cointelegraph Markets analyst Michaël van de Poppe, Thursday'southward upshoot was the result of Bitcoin filling a tape "gap" in CME Group's Bitcoin futures markets.

CME Bitcoin futures 1-week chart showing gap

CME Bitcoin futures i-week chart showing gap. Source: TradingView

A regular upshot for BTC/USD, the cost maneuvering to comprehend gaps between weekly trading sessions was the likely culprit for volatility on the day.

"Based on the 4h chart, the CME gap is filled. This caused a meaning drop of $400, merely likewise a nice trading range. Lows; $8,250-8,400 / $8,600 Highs; $9,800-ten,100," he summarized on Twitter.

No post-halving dump. The dump occurred before the halving. Bitcoin could be in a bull market.

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