Bitcoin lifts to fresh session highs above 47,500

Since the last update here on the progress of Bitcoin today, the price has just now lifted to a fresh session high above 47,500. Earlier this morning it was trading below 47k. The move higher right now is taking the lead cryptocurrency back closer to another potential test of its 200 day moving average. If and when it gets back to that level, it remains to be seen, what if any residual resistance it will encounter at that level this time around. The 200 day moving average is now at 47,931. The high so far today has just been set at 47,543. Bitcoin is currently trading at 47,510