Bitcoin jumps above $10,200 early afternoon Thursday New York time, marking a recovery from a low below $6,000 last Tuesday.
The gains came as other cryptocurrencies rallied and followed reports that alleviated fears of heavy-handed crackdown by authorities in South Korea and the U.S.
In a Thursday report, Fundstrat Global Advisors' Tom Lee said historical performance of bitcoin bottoms "implies new highs by July."