Coz the recent news comes in .
Jani Ziedins of Cracked Market warned traders might yet test lower prices if bitcoin does not bounce back in the coming days.
He said: "If prices firm up over the next few days, then we are back on track and higher prices are ahead of us.
"But if we cannot bounce back over the next couple of days, we might test lower prices before the bigger rebound resumes."
Analysts on Thursday were concerned cryptocurrencies fell under pressure from regulators bodies in the US and Japan.
On Wednesday the US Securities and Exchange Commission (SEC) said cryptocurrency exchanges offering "digital assets" on trade, would have to register with the federal agency.