Bitcoin managed to recover some of its losses after the previous day’s decline.
Bitcoin is holding around $47,000 on a low volume spot trading day. Technical analysis seems to support a “buy” signal after three consecutive days of losses.
As we reported yesterday, Bitcoin fell below $ 46,000. Then he partially compensated for his losses. According to data compiled by CoinDesk, spot trading volume on centralized trading platforms was also low compared to the previous day.
The leading names of the market also commented on the latest situation of Bitcoin. Bitcoin is showing bullish signals after falling 6% to Katie Stockton, founder and managing partner of Fairlead Strategies. Stockton said in the technical analysis released Thursday:
Bitcoin is trading around $47.130 as of publication time.