Bitcoin gains after $46K drop as 'bottoming out' continues into 2022
Bitcoin (BTC) recovered from fresh lows on Dec. 30 as markets remained undecided on their end-of-year trajectory.
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD bouncing to $47,731 on Bitstamp, reversing almost all of the previous day's losses.
Prior to the Wall St. open, the pair was still above the $47,000 mark, as traders nonetheless warned that choppy BTC price action was not yet over.
"Pretty boring markets lately. Just a process of bottoming out for Bitcoin," Cointelegraph contributor Michaël van de Poppe summarized.
That liquidity lay between $44,000 and $45,000 on the day, with Bitcoin having firmly reestablished its range bounded by resistance at $53,000 and above earlier in the week.
Against a low-liquidity holiday
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