The Bitcoin futures markets have reached their highest volumes since markets dropped over the past week.

As per data from Skew monitoring, the best performance from non-exchange operators of Bitcoin futures since 16th March was recorded on Thursday.

CME Group posted $347 million in volume on Thursday, while Bakkt posted $12 million for its physically settled futures and $7.7 million for its cash product, reports Cointelegraph.

The rally follows a somewhat dull performance over the past fortnight, as Bitcoin markets suffered a downward spiral, with the price falling to a low of $3,600 in hours.

Since that point the price-performance has rallied, reaching around 93% on Thursday in comparison to the low in March, as BTC/USD reached $7,170.

Investor confidence has since returned, despite the continued uncertainty impacting traditional markets over the COVID-19 pandemic.

According to crypto analysts, Bitcoin was initially hit by the pandemic as investors sold funds to make up for losses in stocks.

Jonathan Leong, the co-founder and CEO of trading platform BTSE commented he was “bullish” about the future. He said on Twitter: “#Bitcoin showing extraordinary resilience in what could possibly be the worst economic crisis yet, and it's just getting started!” 

According to a News BTC report, if Bitcoin – the world’s largest cryptocurrency by market cap – remains well bid over the $6,700 and $6,500 support levels, it will potentially continue moving higher. As it stands, an initial resistance is close to the $7,000 point.

The next key resistance is nearing the $7,200 level. Moving beyond this point, the price will likely exceed the recent high of $7,273. Any additional gains could lead the BTC price towards the $7,500 resistance.