Bitcoin price started a fresh increase from the USD 44,500 zone and even jumped above USD 47,300 before dropping sharply.
After a fresh increase, bitcoin price faced sellers near the USD 47,400 level and even dropped below the USD 46,000 support, before recovering.
On the upside, the price might face resistance near the USD 47,000 level.
The next major support is near the USD 3,420 level, below which the price could decline to USD 3,300.
On the upside, the price might struggle near USD 3,580.
Meanwhile CAKE surpassed USD 9.85, while CELO reached USD 4.05, both increasing their weekly gains by around 22%.
Overall, bitcoin price is trading well below the USD 47,500 resistance.