Bitcoin has a look under 47k

Bitcoin has lost some more ground today. The lead cryptocurrency has recently fallen below 47k. It was noted here yesterday; that the Russian central bank was said to ban all forms of crypto investments in that county and that was the catalyst for the price to fall back yesterday afternoon. Ahead that it was trying to make a move back above 50k once more, but had stalled just short of 49,500. Well, since then it not been able to launch recovery. Earlier today it tried to reclaim levels above 48k, but move petered out at 48,173. The low since then was set a few moments ago, at 46,771. It is trying to rebound a little now, but once again that move is rather unconvincing. The earlier low did take the price to just below its 200 day moving average. That is in place right now at 46,970. It is currently trading at 47,125