Now Bitcoin takes out 47k

Well, the cryptocurrency space is under further pressure now today. As noted here earlier, there seems little appetite to take BTC or Ether higher so far this week. Indeed, that has now led Ether to eventually drop below the noted, previous interim low at 3,760. That potential was highlighted here earlier on and now the price is extending further to the downside. At the same time Bitcoin has also taken a further hit, dropping below 47k for the first time this week. The price has just now fallen steeply, from around 47,600, to as low as 46,805, but it may not be done with on the downside yet. The drop below the 200 day moving average now (currently in place at 47,729) looks like it might have been the catalyst for the move lower. Bitcoin is just now trading at 46,920