Bitcoin undecided in sideways weekend trading

On Friday Bitcoin managed to rebound back above 48,500. However, it could not sustain the move and fell back steeply as the end of the year closed in. The lead cryptocurrency fell back to as low as 45,658. A good deal of that drop was recovered in weekend trading, as BTC lifted back towards 48k once more. However, it was not able to recapture levels above 48k and spent the rest of the weekend tracking sideways, in between 46,700 and 47,975. The range seen so far today has been covered by 47,475 to 46,738. Hence the current price is now back below its 200 day moving average once again. That is now in place at 47,929. Meantime, the 50 day moving average is still falling quite steeply towards that 200 day moving average. That is now at 52,076. Bitcoin is currently trading at 46,930