Bitcoin reclaims 47k this afternoon

It has taken all morning, but the steadying in the price action of Bitcoin earlier today has eventually led to a minor breakout above the noted pivotal range. That had seen Bitcoin trade in a sideways fashion inside 46 to 46.5k. Well, the eventual move outside of that range has been to the upside and that has prompted further gains above 47k and towards 47.5k. Now this does not necessarily count for much unless there is a more lasting and dynamic move, but it does underscore the fact that buyers are gradually returning to the fray. Having said that, it would not take too much to unnerve the market once again so interim buyers will probably waste no time in exiting the trade if the price starts to slip back below 46k once again. Bitcoin is just now trading at 47,125