Bitcoin Price Rallies to $8,800, Surges 9% in 3-Day Recovery

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Bitcoin Price Rallies to $8,800, Surges 9% in 3-Day RecoveryBy CCN: Within the past three days, since May 31, the bitcoin price has climbed from $8,000 to $8,800, demonstrating a strong sign of recovery in a 9.5 percent rally and pushing the rest of the crypto market to the upside. On major regulated crypto asset exchanges like Bitstamp, the bitcoin price dropped to as low as $8,000 on last Friday, sparking fears of a potential decline below $7,000 in an anticipated pullback. The dominant crypto asset showed immediate recovery beyond $8,200, a support level many technical analysts have emphasized as crucial for the near-term sustainability of bitcoin. Traders more

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