BTC to USD, fell by 1.02% on Friday. Following a 0.74% decline on Thursday, Bitcoin ended the day at $47,296.0.

A mixed start to the day saw Bitcoin rise to an early morning intraday high $48,183.0 before hitting reverse.

Falling short of the first major resistance level at $48,521, Bitcoin slid to a late intraday low $46,771.0.

Bitcoin fell through the first major support level at $47,052 before a partially recovery to $47,200 levels.

The near-term bullish trend remained intact, in spite of the latest return to $43,000 levels. For the bears, Bitcoin would need a sustained fall through the 62% FIB of $27,237 to form a near-term bearish trend.