Bitcoin continues to rise after hitting multi-month lows.

#BTC/USD was close to $26,000 on #Bitstamp, according to data from Cointelegraph Markets Pro and TradingView.

The price of BTC increased following an overnight recovery from its lowest points since early March in the face of persistent #macroeconomic and regulatory challenges.

$26,000 constituted a crucial level for bulls to flip next, according to Michal van de Poppe, founder and CEO of trading business Eight.

He tweeted to his followers, "Long weekend is coming up with the bank holiday on Monday," alluding to the #UnitedStates' Martin Luther King Jr. holiday on June 16.